Grants

• What is a grant?

  • fixed amount of money usually awarded by government, EU or charitable organisations
  • given to business on the condition that they meet certain criteria
• What are the benefits?

  • many are available for businesses to apply for
  • no interest is charged on grants and often do not need to be repaid
• What are the drawbacks?

  • usually have conditions (business may not be eligible)
  • application process is detailed and time consuming