Applying for innovation grant funding can be a labyrinthine task. From seeking the right opportunity, through developing your project plan, finding partners, understanding all the resources you require and match funding. After all this, you have the actual writing to do – no small task.

 

Here are some top tips on how to grease the wheels on your ride to success.

  1. Keep your eyes on the prize
    Be crystal clear about what you need and why you need it. Argue your points passionately, but think about counter-arguments that the assessor could use as to why the project should not be funded. Address these in your application.
  2. 1 + 1 = 2 
    The principle of additionality requires that public money be given to projects that would not otherwise go ahead without it, and you need to be able to explain why public money is the only option to take your project forward. Your project may be viewed as a high-risk investment and therefore not suitable for traditional investment methods. You might want to also consider whether your project will have a multiplying impact on the funds, allowing you to increase your investment in R&D (in addition to the match funding) before, during or after the project.

 

To continue reading this article please click here https://labs.uk.barclays/writing-grant-application.