Alan wrote:The way I read it is that, based on our current income projections, our 'cap' stands at £1.31m. However, should we be fortunate/successful enough to raise our income beyond those projections, we would be able, as 'Tipster' says, to spend up to £1.8m
Spot on Allan,
The cap increase was incorrectly reported. The cap is exactly the same as SL, based off your projected income you have an initial cap.. If you want to go beyond that initial cap up to £1.8m then the owner has to put that missing amount up as a bond..