#Business Consulting
#Grants & Incentives
Supercharge your grants and incentives opportunities with the right approach
Innovation, expansion, and maintaining a competitive edge are vital for ensuring the long-term success of any business. However, for many organisations, entrepreneurs and small business owners, financial constraints often hinder their pursuit of growth ambitions. This is where grant funding comes into play as a powerful, yet frequently overlooked resource. Whether you are a start-up looking to introduce your first product or an established business striving to take a major leap, grants can be the necessary financial support to kick-start or realise your project. The key question however is: How can you find the right grant to support your ambitious goals?
Navigating the complex landscape of grant funding
The grant funding landscape is a complex and dynamic terrain offering diverse funding opportunities across various industrial sectors, government agencies, educational institutions, non-profit organisations, and individuals. Finding the right grant is particularly challenging due to the constant evolution of this landscape, which is highly responsive to a wide range of influences including social, economic, and new and emerging technological developments.
Government agencies have a considerable influence on grant funding programmes. Their priorities and policies are subject to change based on shifts in the political and social landscape. For example, a change in administration can lead to shifts in funding priorities. Additionally, pressing concerns such as environmental challenges, climate change, demographic shifts, an ageing population, and social inequalities prompt governments to allocate resources and grant funding towards innovative solutions. Moreover, global events like the COVID-19 pandemic, natural disasters, and energy crises can result in urgent shifts in grant funding priorities. The pandemic, for instance, led to a short-term significant increase in funding for the development of healthcare solutions.
Streamlining your grant portfolio management to maximise success
Given the complexity and rapid evolution of grant measures, organisations must establish an effective process to organise and manage their grant portfolio efficiently. Having a dedicated internal grants officer who can assist your organisation in identifying the right grant opportunities at the right time, establishing funding priorities, and optimising your overall internal grant funding pipeline, is beneficial. If your organisation is heavily engaged in R&D and submits multiple grant funding proposals, a well organised internal team is essential. This applies not only when multiple proposals need to be submitted but also to ensure their effective follow up. Successful grant management processes should be established to facilitate accurate reporting and compliance with administrative, financial, and contractual obligations set by the grant funding agencies. This not only ensures timely and complete payments but also creates a transparent audit trail for compliance checks.
Enhancing your approach with MGI
If you are unsure where to start, consider reaching out to Moore Grant and Incentives (MGI) for expert support. Our unique “Grants as a Service (GaaS)” offers an effective solution to enhance your organisation’s overall funding pipeline. It is designed to cater to a wide range of grants and R&D related tax incentives covering national, (inter-) regional, and EU grant funding programmes. It complements our traditional grants and incentives services, which typically revolve around specific projects. With GaaS, we provide you with a comprehensive support package that streamlines your grant portfolio management, ensuring you are always in the best position to access funding efficiently.
