Home Articles Are you grant ready? Aug 08

    Are you grant ready? Aug 08

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    So, you’ve lodged your grant application and now you’re sitting by the phone, anxiously waiting to hear news of your success. This isn’t the end of the line. There is still a lot more you need to know.

    First you should receive a letter acknowledging receipt of your application. If not, contact the grant administrator to ensure that your application has not gone astray.

    You may be contacted during the assessment of your application for more information or to discuss aspects of your application. Try to be helpful and responsive – some organisations have stuffed it up at this point with the wrong answer (what a shame!).

    Waiting

    Whether it is a short or long assessment process, there are usually multiple layers of processing for administrators to work through. Be prepared to wait anywhere from one to six months depending on the complexity of the project and the amount of money requested. Don’t become a serial pest by calling every day. Try to be patient and understanding. Most other applicants won’t, so this will reflect well on you.
    Don’t count on commencing your new project immediately. Even if you’re successful, it may take a while for the money to come through. Importantly, you are unlikely to be reimbursed for any payments you make in advance of the grant being paid.

    The bad news

    Unsuccessful applicants are usually advised by mail. Phone the administrator and ask for feedback. Ask questions such as:
    Did our project not meet the guidelines? In what ways?
    Was our application deficient? In what ways?
    Was the competition better than us? In what ways?
    Determine how you could have strengthened your application and whether there is an opportunity to resubmit your application now, or in a later round.

    The money call

    Successful applicants are usually contacted by phone. Funding may also be announced publicly. For technology-based grants, you will usually be consulted regarding the press release – so make sure you are satisfied with the level of detail for confidentiality reasons.

    The fine print

    Read the contract. All of it. You need to know rules, especially the frequency of payments, project reports, compliance and auditing requirements. The rules are not negotiable and if you do not comply, you may have to pay the grant back.

    The hard work begins

    Now you have to do everything you said! Payments are usually linked to the completion of milestones and submission of reports. Keep good records of project expenditure and make sure you provide the reports by their
    due date. Also ensure you notify the grant provider of any delays or changes in the project, such as:
    Change of contact details for your organisation
    Delay in commencing or completing activities
    Delay in providing project reports
    Changes to prices or quotes that will affect the budget for the
    project
    GRANT CALENDAR
    Federal Grants
    Climate Rready – expect August launch
    R&D Tax Concession – claim now
    Export Market Development Grant – closes 30 November
    Australia-Korea Foundation – opens September
    Entrepreneurs Tax Offset – open
    Re-tooling for Climate Change – expect September launch
    Around the nation
    NSW Green Business Program – expect September open
    VIC Energy Technology Innovation Strategy (ETIS) – opens August
    QLDBuilding Rural Links – closes 4 August
    SA Premier’s Science & Research Fund – expect August close
    TAS Tasmanian Innovations Program – closes 29 August
    WA Business Skills Development Program – open

    Adrian Spencer
    is a dedicated grants specialist. He has accessed over $40 Million for organisations through State and Federal Government grants, rebates and concessions. Adrian is the Founder and CEO of GrantReady www.grantready.com.au

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