How to apply for a government grant
Before you apply for a grant you should make sure that you meet the conditions of the scheme. Additionally, you should ensure that you:
- are ready to put up some of your own money
- need the money for a specific purpose
- don't start the project before you get an agreement in principle of funding
Before applying for a grant, you can contact the Business Link helpline to make sure the scheme is appropriate for your circumstances and location. You could also consider contacting a private business adviser for help and advice.
Making your proposal
When you have identified the right grant scheme for your needs, you will have to provide:
- a detailed project description
- an explanation of the potential benefits of the project
- a detailed work plan with full costings
- details of your own relevant experience and that of other key managers
- completed application forms where stipulated
- possibly a business plan
Some businesses get advice from their accountant, who can also help in drawing up an effective business plan. Remember to submit your application before the deadline where relevant - late applications are rarely considered.
Most reviewers will assess your proposal by using the following criteria:
- significance
- approach
- innovation
- their assessment of your expertise
- need for the grant
Be prepared to wait for anything from a few weeks to a year for a decision. Local applications are typically processed much more quickly than others.
Subjects covered in this guide
- Introduction
- Government grants and support
- What kind of grants are available?
- Grant eligibility
- How to apply for a government grant
- Why a grant application might be turned down
- Identify finance options for your business (Flash video)
- Preparing to attract investment (Flash video)
- Pitching to potential investors (Flash video)
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