>Grants Explained
Grants Explained2018-10-08T18:44:29+00:00

Grants Explained

Why?

The first thing to consider when exploring grants is your purpose. The Government, and occasionally corporations, provide grant opportunities that align with their vision for society and associated policies. They provide grant opportunities to empower businesses and community groups to fulfil this vision. When you’re looking at applying for a grant you will need to assess whether your purpose is going to align with the relevant policies and aims.

What?

A grant is provided for a particular project rather than the organisation itself. When applying for a grant, you need to identify a specific need and present it as a project.

Who?

Grants are available for individuals and organisations, both business and community, for a specified purpose directed at achieving a particular goal.

For community groups, grants programs might promote civic participation, or relate to an identified community need, such as infrastructure or an event. Typically, community grants fall under one of the following areas:

  • Arts and Culture
  • Community – General
  • Education
  • Environment
  • Health
  • Sport and Recreation

For businesses, a grants program might promote boosting productivity, jobs growth or development of skills. Typically, business grants fall under one of the following areas:

  • Research & Development
  • Innovation
  • Sustainability and Green Technology
  • Export
  • Manufacturing
  • Agriculture
  • IT & Communication Services
  • Medical & Biotechnology

Approaching a grant application

  1. Education – It is important to understand how grants operate. When looking at grants, measure the effort required for a grant versus the benefit. Don’t forget to assess alignment with the program aims and also your ability to deliver your proposed project.
  2. Grant Strategy – build a sustainable and tailored approach to finding, qualifying and applying for grants as part of your strategic planning. We have built GrantGuru for exactly this purpose.
  3. Grant Writing – it’s not rocket science, but a certain amount of skill and experience certainly helps. You need to describe your business or community group and activities in a clear, comprehensive and consistent manner and make a convincing case about why you should receive funding.
  4. Grant Management – Once you have received a grant, there is more work to do. Consider your capacity to record, report, measure and acquit grant funds. You don’t get funded for free – you will need to justify your grant. There will be a number of requirements and eligibility criteria associated with the grant. Be prepared to be assessed in a number of areas including management capabilities, organisation structure, financial status etc.

Please ensure time is spent on Steps 1 and 2 to so that you are well prepared and are applying for grants that are best suited to your project.