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Home Business Advice Starting Up Grants
Wednesday, 20 August 2008
Grants -
Article Index
Grants
Before You Start
What Grants Are Available?
Identifying Possible Grants
The Application Process
Application Timescales
Grant Payments

Grants

4. The Application Process

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4.1 Submit a proposal.

This usually involves filling in a form (either electronically or a paper version). Show your proposals in the best possible light by providing:

  • A detailed project description.
  • An explanation of the potential benefits the project offers, which must fit in with the aims of the grant scheme. They might include specific benefits to the local community, to the region or to your industry - or a potential increase in British exports.
  • A detailed work plan, indicating who will do what, and by when. Include full costings.
  • Details of your own relevant experience and track record. Show how your own background, experience and expertise make success probable. If there seems to be a significant risk of the project failing, you are unlikely to be given a grant.

4.2 If necessary, get professional help.

  • There are specialist grant consultants that can help you. Your accountant may also be able to help. Check the history, success rates and seek referrals for any expert you use. (See also, Choosing and using an accountant.)
  • Negotiate the fees. Flat-rate fees may seem less expensive in the first instance, but must be paid even if you do not get a grant.

4.3 Wait for the decision (see 5).

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