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Grant Funding - Fact Or Fiction- The Truth Revealed

THE TRUTH ABOUT GRANT FUNDING

There are a host of agencies both National & Local providing grant funding for a wide variety of uses.  The biggest mistake to make is to automatically assume that funding would not be unavailable, or that a project would not qualify.

First of all it is important to understand who is eligible to apply for grant funding.

Existing Or Yet To Be Formed
Individuals/Sole Traders
Partnerships
Limited Companies
Community/Charitable Groups
Virtually Any Type Of Activity

Now we know that just about everyone is eligible to apply for grant funding, we need to understand how it works.  Most Grant Funding Providers will match fund a project to a set percentage level depending upon the type of applicant and project, however, most will allow other Grant Funding Providers to also match fund a project.  By working within the rules many projects can actually be funded to 100% by applying for grant funding from multiple Grant Funding Providers.

Grant Funding will only have to repaid should you not meet the expenditure and or stipulations in any grant offer, i.e. genuine projects attract free funding to enable them to succeed.

In the current financial climate obtaining high street funding from the banks is all but impossible, yet the Grant System can once again prove the solution by taking advantage of the Small Firms Loan Guarantee Scheme which in effect means that the government secure a bank loan by acting as guarantor.

The following will happen depending on the action you take regarding Grant Funding.

ACTION RESULT EFFECT
Do Not Apply No Funding Loss Of Funds
Apply Rejected Nothing Lost
Apply Approved Unexpected Funds

Should you have a project and would like some Grant Funding/Loan you should make an application.

 

ELIGIBLE EXPENDITURE

Capital Expenditure
Production Equipment
Computers & Other IT Equipment
Office Furniture
Buildings
Building Improvements Including Decoration
Vehicles (But Not Cars)

Storage Racking
Most Capital Items

Marketing & Promotion
Web Site Design & Management
Brochures & Catalogues
Multi-Media
Market Research
Feasibility Studies
Marketing Campaigns

International & National Exhibitions

Training & Employment
Proprietor Training
Staff Training
Employment Subsidies

THE PROCESS

Application Process
Identify The Project & Financial Needs
Source Best Mix Of Grant Funding
Make Initial Verbal Approaches
Obtain Application Forms & Complete
Produce Business Plan (Not Always Required)
Submit Applications

Attend Meetings To Discuss Applications
Appeal If Rejected
Offer Or Rejection Received

Claiming Process
Keep Detailed Records
Complete Claim Forms At Specified Times
Keep All Records For 3 Years

NEED OUR HELP?

With over 10 years experience of successfully obtaining grant assistance for a diverse range of businesses and organisations we are in a position to assist with the whole process by working with you in a team effort to ensure your project is achieved, on a no win no fee basis.

We are also on the North East England Service Provider Register No: 15277 which guarantees the quality of our work

Call or EMAIL us for a FREE NO OBLIGATION discussion.

 

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