free small business advice & information
Main Menu
Hot Links
| Article Index |
|---|
| Grants |
| Before You Start |
| What Grants Are Available? |
| Identifying Possible Grants |
| The Application Process |
| Application Timescales |
| Grant Payments |
Page 5 of 7
Grants
4. The Application Process
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 UK 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.
- It is probably worth paying for help to apply for any grants potentially worth £50,000 or more.
- 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.
- 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).
Labels: Small Business Grants, Finance & Grants
Monthly Prize Draw!
Win £375 worth of advertising for your business.
Enter our competition by either:
- Signing up to the is4profit Small Business Newsletter or
- Entering your firm's details into the Small Business Directory