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What is a business grant? A grant is a sum of money awarded by an organisation or authority to help a business succeed in a particular project, for example starting a business or developing a new product. Unlike a loan, they are generally not repayable and you pay no interest on the amount given, making them an attractive option for small businesses. However, grants are not quick and easy money. The number of grants available is limited, so there is a lot of competition for them and the application process can be arduous, often taking several months. Your business may also