Grants: the basics

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

Making your proposal

When you have identified the right grant scheme for your needs, you may 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