Tips for successful grants funding
The State and Commonwealth Governments provide a substantial pool of grant money directed at supporting Australian small and medium enterprises. To tap into and successfully obtain your share of these grants, follow our top 5 tips for successful grant funding:
- Proactively learn about the grants available and find those that will support your business best. Tapping into an advisor with experience in this area can be a huge help.
- Contact the funding organisation and have an initial discussion with them. You may start to build a positive relationship with those who will be assessing your application. Show an interest in understanding their objectives better and start to signal what’s different about your business that stands out from others applying for the grant as well.
- Follow the guidelines and address the criteria. Don’t skip or miss any out.
- Develop your written and verbal communication skills. Grant applications require clear concise written word that addresses the criteria in a compelling manner. You may also need to meet or discuss your application with a reviewer, so delivering an articulate explanation with confidence will help.
- Don’t assume the assessors understand your business. Help them get to know you by explaining what you do, how you do it and anything that sets you apart from your competitors. Demonstrate how your business is perfect for the grant program, matches its objectives and how the funding will support your business.
For further information about grants available for SMEs contact our office on 03 9869 5900 or email us.
