One part of the waiting is over. I received my letter from the AHRC this morning and was sent the small, thin envelope instead of the large one! Unfortunately, despite being graded as "high priority for an award" (grade 4) this is essentially nowhere near good enough to guarantee funding. Of the 5,500 entries only 25% are awarded funding and so it is well known that statistically my chances were always low. This doesn't particuarly help with the feeling of dissappointment.
It does of course bring up the question of what next ? I still have a scholarship application outstanding and this represents my last hope. I am deteremind to still go through with the MA one way or another, it just seems it is going to be a real financial struggle (i.e. increasing my debts further) as well as an artistic one.