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I have found one clue to writing a bursary for theatre:

“The second type of bursary, also known as a “scholarship” or “prize“, is one based on performance. These awards are generally given for good performance in the exams preceding university or college entrance in which the student achieves grades above the standard entry. These can be awarded by the university, or, sometimes by companies.”

At this very moment, I’m researching:

https://www.lamda.org.uk/support-lamda

I welcome any help in writing details for this new bursary fund.  Grant

Image details:
Theatre Programme in background for “The Witch’s Spell” by Audrey Thompson and “Faust” opera by Charles Gounod (Adapted for the puppet stage by Gilbert Bailey.  Puppeteers and voices: Gordon Murray, Joy Latham, Gilbert Bailey, Frida Taylor.  Musical Advisor: Adrian Cruft

Portrait in oil (top left) of Joy Latham by Arthur Taylor