In Europe, thousands of government financing facilities exist. These facilities aim to stimulate specific developments. Such incentives are for example provided in the areas of energy saving, environmental protection, efficient logistics, stimulation of employment, innovative developments and export. These financing facilities come under the heading of grants.
Between 2007 and 2013, the European Union alone will be spending € 975 billion. In addition, national and regional authorities annually make tens of billions of euros available.
There are many types of grants, such as tax allowance schemes, subordinated loans, credit facilities and grants in the more traditional sense of the word. Most of the time, a clearly defined project needs to be submitted in order to qualify for funding. Subsequently compensation can be obtained up to a certain percentage of the project costs. These costs can include investment in equipment, wage costs, travel expenses and accommodation, costs related to employing external consultants and training costs. In some cases, financial support can be as high as 100% of the costs involved. Sometimes it is possible to obtain more than one grant for (parts of) the same project.
Writing and submitting a grant application and obtaining the actual grant amount once awarded is usually time and effort consuming. In the Services and Solutions section you can read about how we can assist you in successfully applying for a grant for your organisation.
For more information on funding in Europe: