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Common questions about grant funding answered -
Background
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For the United Kingdom we have some 1,250 different grants on the database provided by UK national organizations or European Union sources.
In addition, there are some 3,000 "grants" provided by local councils, economic development units, enterprise agencies and other specific local bodies.
Nobody, to our knowledge, has ever calculated the total value but the European Union Research & Development Programme ‘Framework 7’ running from 2007 to 2013 has a total value of 56 billion Euros! |
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Common questions about grant funding answered -
Background
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No, under no circumstances. A grant, in the strict sense, will be an outright gift of cash, but it is given on condition that agreed criteria, particularly purposes and objectives, are met. "Grants" may also be taken to mean: -
Soft loans which will have, typically, an interest rate rebate and/or a capital repayment holiday and/or a reduction in collateral requirements.
Subsidized services or the provision of free information and advice.
Tax credits e.g. for rate relief or R&D are also a form of grant. |
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