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If you think the Debt and Equity scene can be frought with problems, delays, issues…… well the Grant scene can be a nightmare!

It can be a logistical / administrative burden and one that you have to remember can:

Take a long time to complete the application

Take a lot time for the granter to make a decision

You may not get what you want

Having said that if you have the time / people to carry out these tasks then “free” money is clearly a significant positive.

My view is that if you view the funding as an investment that you wouldn’t make unless you got a grant (could be because it is at the cutting edge of technology / high risk of failure), then grants are a good source of funding. If you believe in it and there are other ways to fund it, i.e. debt / equity, then you have to weight up the pros and cons of free money vs time.

So, I signpost people to grant funders – I don’t complete the paperwork. I will refer on to grant writing specialists as often it isnt what you are doing that is the issue – it’s the way you tell them!