Prior to starting make sure you have thought
through all the implications of your project and identified all
schemes of potential benefit.
We strongly advise that you make personal
contact, if possible, with the grant provider before completing
the application documentation.
Make sure your application explains how the
project will meet the objectives of the awarding body.
Include a work plan, including full cost. Pay particular
attention to describing your business's track record - you are
applying for public grants and those responsible for making the
decision need assurance you will spend it wisely and ensure the
project completes.
Generally, the more "local" the
awarding body, the quicker you are likely to get a decision.
Applications to your local authority, for
example, are likely to be resolved in a matter of days or weeks.
National bodies have larger bureaucracies and will take longer,
perhaps several weeks, to decide. Many awarding bodies have,
or are considering speeding up the applications process by
creating what are known as "Fast Track" procedures.
Should you use "grant consultants"
or other advisers to help you obtain grants?
The first point to realize is that when you
apply for public money it is your company and your project, which
is under the microscope. There can be no better ambassador
for your cause then you and/or your colleagues! To
that extent logic suggests that you are better off if you "Do
It Yourself".
However, there are occasions where help can
be useful:
a) Identifying Schemes
This is the most difficult aspect of all to
deal with unaided, since it is necessary to devote a good deal of
time and resource to researching schemes.
b) Applying for Grants
If you are applying for a substantial grant
(say one worth several thousands of dollars) and the awarding body
is "remote" and bureaucratic, or the information
required needs a technical expertise you do not possess, then it
can help to appoint a consultant. This may be particularly
so in the case of applications where an expert's knowledge of the
processes required could prove invaluable.
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