The funding will be split between emergency short-term aid, and funding for longer-term reconstruction projects.

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The funding programme, which runs annually from December to November, is split into two levels of funding - Podium and Development - each with strict criteria and standards which must be met in selection and maintained with the support of UKA staff.

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Cash from the sale will be split between repaying lenders and funding customer claims, though it said it anticipated just one in four claims would succeed.

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That the funding nations felt able to split the telescope in half reflects how closely matched the two bids were.

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But there is bound to be the question: where does the advantage lie in an investment bank which is cut off from its in-house source of funding, and should it not simply split completely?

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Whereas both CiU and ERC are split over economic ideology, both agree that Catalonia gets a poor funding deal from the Spanish central government.

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Last week the government confirmed funding for a new Peninsular Medical School, which will be split between three campuses at Exeter, Truro and Plymouth.

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The split in the EU reflects the gap between richer European countries and those that rely most on EU funding.

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