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Understanding Grants & Funding
What types of grants are available for SMEs?
SMEs can access innovation grants, research and development (R&D) tax credits, sustainability funding, and sector-specific grants tailored to industries such as healthcare, green energy, and technology.
How do I find relevant grants for my business?
GrantUp provides consulting services to help identify and secure the right grants based on your business needs and eligibility criteria.
What is the difference between a grant and a loan?
A grant is a non-dilutive and non-repayable funding provided for specific business activities, whereas a loan requires repayment with interest.
Are grants only available for startups, or can established businesses apply?
Both startups and established SMEs can access grants, depending on the specific funding criteria.
Do grants require match funding?
Some grants require partial funding from the applicant (match funding), while others offer full funding.
Can I apply for multiple grants at the same time?
Yes, but some funding providers have specific rules surrounding how many projects you can lead on at any one time. IUK for example stipulate that you can only lead on one project at a time but can collaborate on multiple projects.
What industries are most likely to receive grant funding?
Tech, healthcare, green energy, manufacturing, and research-driven industries often attract grant funding. However, any company from any industry can apply. If your company fits the grant criteria and you can demonstrate a strong case for funding then give us a call!
Are government grants easier to obtain than private funding?
Government grants can be highly competitive but typically offer better terms than private funding.
How long does it take to secure funding?
The process varies, but it generally takes from a few weeks to several months, depending on the complexity of the grant and the review process.
Do grants cover operational costs?
Grants will typically cover salaries, materials, and operational costs, but what is covered can be dictated by the terms of the funding competition.
Can I get funding for ongoing projects, or only new initiatives?
Some grants support business expansion and ongoing projects, while others are strictly for new initiatives. The eligibility criteria for each grant specify this.
Can I Really Afford to Invest in Grant Writing Support with GrantUp?
This sounds promising, but we’re a small business can we realistically afford to pay for a grant writer?
We hear this a lot, and it’s a fair question. As an SME, you’re likely weighing every investment carefully. But here’s the truth: not applying for grants or submitting weak applications can cost far more in lost opportunities than the cost of working with us.
Isn’t it better to just write the application ourselves and save the budget?
Many businesses do try this, but grant writing is highly competitive. A single missed detail or unclear answer can be the difference between securing non-dilutive funding or receiving nothing. Our clients work with us because they understand that expert guidance dramatically improves their chances of success.
What kind of return can we expect from working with GrantUp?
While results always depend on eligibility and alignment with the fund, our clients have collectively secured over £125 million in non-dilutive funding. We aim for a minimum 4x return on your investment with us. For many clients, it's significantly more. Grants often cover consultancy costs many times over.
We’ve been told we’re too early-stage or not ready yet should we wait?
In our experience, waiting often means missing the funding cycles that could have accelerated your growth. We help you assess whether you're genuinely ready and if not, we guide you on how to get there.
Can we work together in a phased or budget-conscious way?
Absolutely. We offer flexible engagement models based on your stage and funding goals. Whether you need full support on a major grant or strategic input on a smaller competition, we’ll work with you to find the right level of support without overstretching your budget.
What’s the actual risk of not working with a consultancy like GrantUp?
The risk is twofold:
- You could waste weeks or months on an application that’s ultimately unsuccessful.
- You might miss opportunities entirely by not knowing which funds suit your business or how to position your innovation effectively.
Investing in expert support isn’t just about winning funding it’s about saving time, reducing stress, and unlocking growth.
Do you offer any support or payment plans for early-stage SMEs?
We understand cash flow can be a challenge. In certain cases, we offer phased payment structures or prioritised workstreams to help balance upfront cost with long-term gain. If you're unsure whether it's feasible, just reach out and we're happy to discuss your options.
Is this a one-off service or an ongoing relationship?
That’s up to you. Some clients work with us on one key grant. Others retain us as long-term partners to build a full funding roadmap. Either way, our goal is simple: help you access non-dilutive capital so you can scale with confidence and focus on growth.
Navigating the Grant Application Process
How do I start the grant application process?
GrantUp assists SMEs in preparing and submitting grant applications efficiently.
What documents are required for a grant application?
Typically, you will need a business plan, financial statements, project proposals, and impact assessments.
How can I ensure my application stands out?
A strong value proposition, clear objectives, and well-documented financials improve success rates.
What are the key elements of a strong grant application?
A well-structured grant application should include:
- A clear description of the project and its impact.
- A well-defined budget and financial projections.
- Evidence of business capability and past successes.
- Alignment with grant funder objectives.
What are the most common reasons for grant rejections?
Common reasons for grant rejections include:
- Poorly defined project scope.
- Missing or incomplete documentation.
- Lack of innovation or impact potential.
- Ineligibility due to business size or industry mismatch.
How much time does it take to complete a grant application?
Depending on complexity, applications can take anywhere from a few hours to several weeks.
Can I reapply if my grant application is rejected?
Yes, with necessary improvements and feedback from the grant provider. It is important to note, however, that some grant competitions will put a limit on how many times you may re-apply against the same project and so it is always best to seek advice before proceeding.
Do I need a consultant to apply for grants?
While not required, professional grant writers can significantly improve success rates by ensuring applications meet funder criteria and expectations.
Are grant applications evaluated based on business size?
Some grants prioritise SMEs, while others focus on impact and innovation regardless of company size.
What is a Letter of Support, and do I need one?
A Letter of Support from a partner or industry expert can strengthen your application demonstrating a strong route to market and therefore quicker commercialisation.
How do I prove my business meets the eligibility criteria?
By providing evidence such as revenue, industry classification, and past achievements.
Post-Grant Compliance & Reporting
What are the reporting and compliance requirements after receiving a grant?
Most grants require businesses to submit impact reports, financial records, and progress updates to ensure funds are being used correctly. These will ordinarily be required on a quarterly basis.
What happens if my business does not comply with grant conditions?
Non-compliance can lead to penalties, funding withdrawal, or legal action, depending on the grant agreement terms.
Time Constraints & Efficiency
How can I apply for grants if I don't have time?
GrantUp streamlines the process, handling applications while you focus on your business.
Can an outsourced grant writing service improve success rates?
Yes, professional grant writers can enhance your application and ensure compliance with funder requirements.
How often should I check for new grant opportunities?
New grants open throughout the year, so regular monitoring is recommended. GrantUp is continually scanning the funding landscape enabling us to alert you to new opportunities as they arise.
Are there fast-track grants for urgent business needs?
Some grants offer expedited approval processes for critical industries.
What's the best way to track grant deadlines?
Using a funding calendar or working with a grant consultant can help track and meet deadlines.
How can I minimise paperwork in the grant application process?
Using automated tools or professional services can streamline documentation and submission.
What if my business lacks the resources to complete a lengthy application?
GrantUp offers end-to-end grant application support to ease the burden on SMEs.
Can I delegate grant application tasks to an employee?
Yes, but working with specialists ensures accuracy and improves success rates.
Lack of In-House Expertise
What if my business has no experience in applying for grants?
GrantUp guides first-time applicants through the process.
Do I need a financial expert to apply for a grant?
Not necessarily, but accurate financial projections improve success rates.
Can my business apply for R&D grants without an innovation department?
Yes, as long as your project meets the grant's innovation criteria.
How do I create a compelling grant proposal?
Focus on impact, scalability, and feasibility. GrantUp can help refine your proposal.
What role does budgeting play in a successful application?
A clear and realistic budget increases the credibility of your application.
Can startups with no financial history apply for grants?
Some grants support early-stage businesses without financial track records.
What should I do if I don't understand the grant's legal terms?
GrantUp provides clarity on compliance and obligations.
Customised Grant Strategies
Why should SMEs have a personalised grant strategy?
A tailored approach improves alignment with funding criteria and business goals.
How can I determine which grants fit my business best?
GrantUp assesses eligibility and matches your business with the right grants.
How do I plan for future grant applications?
Developing a funding roadmap with GrantUp can help sustain long-term funding.
What are the risks of relying too heavily on grants?
Grants should complement, not replace, sustainable revenue streams.
Can I apply for grants to hire more staff?
Some grants support job creation, particularly in innovation and sustainability sectors.