1. We need to know a bit about you
To help us get a sense of what your business does and what you want to do next, we generally ask you questions like:
- How innovative is your product or service?
- How financially viable are you?
- What track record of success can you show?
- What is stopping your from growing your business?
- How will a grant transform your business?
2. Grant selection
After supplying the information above we can recommend a few grants that you could potentially apply for.
The main areas that we be assessing you for:
- Are you undertaking research and development?
- Are you marketing products or services overseas?
- What products or services to you plan to bring to market in the next 12 months?
- What capital expansion plans do you have in the next 12 to 24 months?
3. Start getting information together
After determining what competitive grant to apply for we normally request documentation including:
- Previous financial statements
- Business plans, marketing plans, R&D plans and consultant reports,
- Company presentations, Information Memorandums and previous grant submissions
- Project business case and financial model
- Project timeline
- Supplier quotes
- Staff bios
- Business history
- Photos of products, premises and people
4. Project discussion
The main part of any grant application process is to talk through the main criteria of the grant and identify:
- Background – Why do you need the grant?
- Track record – How can we demonstrate that you are a good candidate?
- Objectives – What will the grant help you do?
- Outcomes – How can we measure the success of the project?
- Timeline – How long will the project take?
- Budget – How much will the project cost?
- Funding – How can you demonstrate the required level of cash?
This is where our main experience comes in to developing a competitive grant application.5. Gathering supporting documentation
[/fusion_text][fusion_text]Most grants require extra information to support the application. It can include:
- Letter of support from CEO or Board
- Letters of support from potential/existing customers
- Evidence of matching funding
- Accountants declaration letter
- Financial model
- Business case
- Business plan
- Supplier quotes
- Bank statements