Key Steps to Success - How we can help…
For any particular scheme there are likely to be more applications than can be satisfied by the resources made available. In other words you will be competing for grants against other applicants. We can greatly enhance your chances of success by...
1. Keeping you informed about which grants are available
The chances of a successful application are always highest just after a scheme is launched. That is when there is the most money ‘in the pot’ and it's also the time when those administering the scheme are keenest to get applications in and grants awarded.
- Mitchell Charlesworth can identify new schemes as they arise, utilising our grant
search software, when competition is likely to be less fierce
2. Writing your application & Business plan
The issues surrounding the application process are complex and you will need to be tailoring your application depending on the project being undertaken. Your submission needs to emphasise key elements that those administering the grants are looking for.
- Our experts will help to maximise your application success by using tried and tested
methods and ensuring you highlight the key criteria needed to be successful. We
have helped secure funding of millions of pounds for many businesses and
organisations
3. Timing of an Application
Do not start project before making an application. If you start a project and then apply for a grant to help complete it your application will certainly fail. Not unreasonably the awarding body will take the view that by starting the project without a grant you must have had sufficient funds to complete it without assistance. Grants are only given for projects, which need them in order to go ahead.
Mitchell Charlesworth use our wealth of experience in managing financial projects to assist you in developing your ideas and crucially at what point to make applications for grants and finance.
4. Planning
Consider grants early on in your planning process and not as an after thought.
- At Mitchell Charlesworth our staff are fully trained and experienced Chartered Accountants and therefore have a wealth of specialist experience in financial planning support.
5. Ensuring you have matching funds available
It is extremely rare for a grant to finance 100% of the costs of any project. Typically nowadays a grant will contribute 15% - 50% of the total finance required. Those making the decision about the grant are spending public money. They have a duty to ensure it is spent wisely and they will need to be absolutely convinced that you have, or can raise from other sources, the balance required.
- Mitchell Charlesworth connections with all forms of finance and our ability to act
independently in your best interests will ensure your activity is successfully financed
6. Liaising with the Awarding Body
As in any business situation it is helpful if you can strike a good personal relationship.
- Our experts are experienced in cementing strong relationships which is vital in
gaining insight into how the application should be shaped for the greatest chance of
success
If you would like further details, please contact your local office or contact Greg Harris direct on T: 0151 423 7500 or email: grants@mitchellcharlesworth.co.uk.
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