The Funding Gap Assessment, explained
The fourth WaVES module: whether the money you have actually covers what the project needs.
The Funding Gap Assessment is the fourth WaVES module. It compares funding already secured, equity, debt, off-taker deposits, against the project's Total Development Cost, and surfaces the gap, if any, between what's needed and what's actually in place. It's typically run last, after Compliance, Property Viability, and Risk Assessment, since it needs the Total Development Cost figure from Property Viability and the risk profile from Risk Assessment to judge how realistic closing the gap actually is.
A project can be viable on paper and still stall if the money to actually build it isn't lined up. The Funding Gap Assessment checks that specifically, separate from whether the deal makes financial sense in the first place.
What it compares
- Total Development Cost, pulled from the Property Viability module rather than re-entered.
- Funding already secured: equity committed, debt facilities in place, and off-taker deposits collected.
- The resulting gap, if any, between what's needed and what's currently in place.
Why risk matters here too
A funding gap that looks small on paper can still be hard to close if the deal's risk profile makes lenders or investors cautious. That's why Funding Gap Assessment runs after Risk Assessment, and reads its output, rather than judging the gap purely on the numbers.
How it feeds the verdict
Along with Compliance, Property Viability, and Risk Assessment, this module's output converges into the overall WaVES verdict: PROCEED, REVIEW, or DECLINE.
See this against your own project's numbers
The Property Viability Engine runs this logic against your actual location, standard, and size, free without limitation.
Get Started For FreeQuestions people also ask
Does Funding Gap Assessment suggest how to close the gap?
It surfaces the size of the gap and the risk context around closing it; it doesn't source funding for you. Structuring how to close it, more equity, debt, or off-taker deposits, is still a decision for you and your funding partners.
Do I need to run the other WaVES modules first?
Yes. Funding Gap Assessment reads the Total Development Cost from Property Viability and the risk profile from Risk Assessment, so it's meant to run after both, not standalone.
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