Last December, the government announced plans to establish a Future Talent Fund to provide £23m of grants to test innovative ways to help disadvantaged pupils with strong academic potential and prevent them falling behind their more affluent peers.
But it has now emerged that the fund will actually be worth £21m and only feature £16m of government funding.
In addition, a fund manager, who will be paid £2m to run the two-year programme, will be expected to raise at least £5m, the Department for Education has confirmed.
A tender document for the fund states: "The fund is expected to support grants worth £21m over its lifetime (2018-20).
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