Tier 3 represents the top level of mandatory governance requirements in this Code. The requirements in this Tier seek to ensure high governance standards because of the significant public investment being made. UK Sport and Sport England will look for a formal commitment from organisations to meet requirements within set timescales. UK Sport and Sport England will generally categorise an investment as Tier 3 if: The funding is intended to be granted over a period of years; The funding is granted for a continuing activity rather than a one-off project; and The total amount of funding is greater than £1m1 Consideration will also be given to the size of the organisation. Organisations receiving funding for significant, medium to long term activity should generally expect to be in Tier 3.