Grants are non-repayable funds or products disbursed by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a non-profit entity, educational institution, business or an individual.
Grant Funding is highly beneficial to businesses. Monies secured can make the difference between moving forward with your innovative idea. There are many varied options targeted by funders. If you are new to funding applications they can be daunting. But there is a wealth of experience and service providers who are happy to assist you in your planning and completing of applications. At theGFSI we can connect you with pre-approved service providers.
Public Grant Funding
The European Commission is responsible for the regulations governing State Aid across the European Union, including in the UK. The Commission has adopted a series of ‘exemptions’ which set out the conditions in which organisations can receive public funding in a way that complies with State Aid regulations and is not considered to distort competition. Each exemption includes criteria defining the types of activities and beneficiaries that can receive aid, as well as the ‘aid ceiling’ (the maximum amount of public funding that can be received). Three broad categories of State Aid exemptions apply in the UK:
- De Minimis Aid;
- General Block Exemption Regulation;
- Other State Aid rulings and decisions.
Private Grant Funding
In addition to Public Grant Funding there are many private organisations who are invested in supporting local, national and international communities and organisations whose passion is directed at helping those in need of support and assistance to better their lives and the lives of those around them.
Grant Funding Source will assist you, identify grant funding eligible to you and service providers who will work with you to complete your application and more importantly make sense of the jargon and understanding how to present your idea, project and or programme to complete applications meeting eligibility criteria.
Millions of pounds of Grant Funding are issued every year. Join those who benefit from this invaluable financial option.
Register as a member to access information and service providers.