Published 21/06/2023
Modified 21/06/2023
6 min read

Unleashing Funding Potential: Grant Applications with Innovation Tax

Explore the world of Grant funding with Innovation Tax. Learn how our expert grant advisors and bid writers can guide you through identifying suitable grants, crafting winning applications, and successfully navigating the grant application process.

Unleashing Funding Potential: Grant Applications with Innovation Tax

Are you an innovative entity seeking to propel your project or business forward but stumped by the financial roadblock? Don’t worry! Innovation Tax is here to help you navigate the often-daunting world of grants. With our expert team of specialist grant advisors and bid writers, we are committed to making your grant application journey less strenuous and more fruitful.

Identifying Suitable Grant Funding with Innovation Tax

The first step towards unlocking the vault of funding is identifying the appropriate grants. The world of grant funding is rich and diverse, with various governmental bodies and private organisations offering financial support for a multitude of projects and businesses. However, the vastness of this landscape can often be overwhelming for newcomers and even those with some experience.

That’s where Innovation Tax steps in. Our team of grant specialists boasts extensive knowledge and understanding of the Grant Funding landscape. We work closely with you to identify the best-suited grants for your project, ensuring your efforts are targeted and not scattered. Whether it’s grants from Innovate UK, the Arts Council, the National Lottery Heritage Fund, or a private trust or foundation, we ensure your project finds its best match.

Harnessing the Power of Expert Assistance with Innovation Tax

At Innovation Tax, we believe that a grant application is not just a form-filling exercise; it’s an art. An art that requires a blend of accurate, compelling writing and a deep understanding of your project and its impact. Our team of experienced grant advisors and bid writers are masters of this art. They understand the intricacies of the grant application process and work tirelessly to develop a compelling proposal that resonates with the grant providers’ objectives.

Beyond helping you fill in the application, we empower you with knowledge. Our comprehensive Grants and Funding Library on our website is a valuable reservoir of information, providing insights into various Grant Funding, their eligibility criteria, and the application process.

Assessing Your Project’s Eligibility

Each grant comes with its unique set of eligibility criteria. These criteria can range from the nature and size of the project to the intended impact and geographic location. Our advisors at Innovation Tax painstakingly evaluate your project against these criteria to ensure you focus your time and effort only on grants where you have a fighting chance.

Crafting an Outstanding Grant Applications

At Innovation Tax, we understand that standing out in the competitive arena of UK grants requires more than just a well-filled form. A strong grant application goes beyond stating the basics – it addresses the specific areas of concern for grant bodies and provides convincing answers that highlight your project’s value and feasibility.

To create a robust and compelling application, consider addressing the following areas:

  1. Organisation Type: Is your organisation a business, charity, educational institution, or public sector body? Different grants are available for different types of organisations.
  2. Location: Is your project based in the UK, and does it benefit local communities or contribute to the UK economy? Many UK grants require the project to be locally based or beneficial to the UK.
  3. Match funding: Do you have some level of match funding if required? Some grants require the applicant to match a percentage of the grant amount.
  4. Project Timeline: Can your project start and finish within the grant’s timeline? Most grants have specific project timeline requirements.
  5. Business Opportunity: What drives the innovation and market need of your project?
  6. Equality, Diversity and Inclusion (EDI): How have these aspects been considered in your project plans?
  7. Innovation: What is novel or innovative about your solution?
  8. Market: Which problem or need does your solution address, and how do you plan to reach your target market?
  9. Exploitation: How will you commercialise your solution, and what is your projected timeline for this?
  10. Benefits: How will your solution provide wider economic, social, and environmental benefits?
  11. Project Plan: How will you manage your project and bring your idea to reality?
  12. Team & Resources: Do you have a well-balanced and experienced team to deliver the solution within the given timeframe?
  13. Risks: What are the main project risks (technical, commercial, managerial, operational, legal) and how will you mitigate them?
  14. Finances: Does your project represent good value for money, and are your costs reasonable and fully justified?
  15. Need for Funding: What other funding sources have you explored, and why is public funding necessary for your project?

After contemplating these questions, our advisors at Innovation Tax can help you further evaluate your project against specific grant criteria. This ensures you focus your time and effort only on grants where your project aligns well with the grant objectives and has a good chance of success.

Navigating the Application Process

The grant application process can be labyrinthine and protracted, deterring many potential applicants. But when you have Innovation Tax in your corner, you needn’t worry. We stay with you throughout the journey – from the meticulous preparation of your application to its submission, tracking the progress of your application, and liaising with funding bodies, ensuring that you have a seamless experience.

Boosting Your Chances of Success

Securing a grant is not just a financial victory; it’s an endorsement of your project, a significant confidence boost. Innovation Tax takes pride in bolstering your chances of securing Grant Funding. We leverage our deep knowledge of the Grant Funding landscape and our expert bid writing skills to present your project in the best possible light, significantly enhancing your chances of bagging the grant and propelling your project forward.

The world of grant applications can seem intimidating, but with Innovation Tax, you are not alone in this journey. We equip you with the knowledge, guide you with our expertise, and support you at every step, enabling you to navigate the grant application process confidently. Unlock your project’s funding potential with us today by visiting our website to learn more about our comprehensive grants service. Embark on this rewarding journey with Innovation Tax and bring your vision to life.

Innovation Tax specialise in helping companies access vital innovation tax incentives and grant funding to enable their businesses to grow, increase profitability, reduce risk and enable further investment in R&D, IP and capital assets.

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