What is a grant?
A grant is money which is offered to you in return for the achievement of various targets or meeting certain criteria. For example a grant from your Local Enterprise Partnership might require you to create a job or jobs depending on how much you are granted. Commonly these grants require match funding i.e. money put into the business by yourself or someone else to match the amount of the grant e.g. Grant Funder grants £25,000, Foundation East lends £25,000.
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