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Funding the original building and equipment of the Northampton Institute came from a number of sources. The site for the building had been donated by the Marquess of Northampton and Earl Compton. The greatest part of the building capital came from the Trustees of the London Parochial Charities (the City Parochial Foundation) who were the Central Governing Body of the City Polytechnic scheme, particularly the proceeds of the Charity of Sir Thomas Smythe, transferred from the Skinners' Company. Subsequent annual income was to come from Skinners' Company, the City Parochial Foundation, Robert Kitchen's Charity via the Saddlers' Company, the London County Council (LCC), and students' own fees. LCC funding came to predominate, and resulted in tighter central control over the expenditure and activities of the Institute. In 1962, the then Northampton College of Advanced Technology (CATs) received direct grant funding from the Ministry of Education, as the CATs moved towards full university status, with central funding overseen by the University Grants Committee.