Let’s have a look at the activities that different types of grants DO NOT cover.
Getting to know the grant space is all about finding ways to maximize all the different types of funding that are out there and using grants to upscale your business in a way that meets your team’s vision. Of course, you want to get as much free money as possible. But it’s important not to be over-ambitious; just because a program is specified for the Food & Beverage industry doesn’t mean it’s suited to the sorts of projects and activities you want to execute. Applying to grant programs that don’t fit your needs often leads to recipients trying to use the funding for prohibited activities. This will cause not only your claims to not be reimbursed, but your entire project may be discredited. Let’s have a look at the activities that different types of grants DO NOT cover.
When determining what your funding can be used for, keep in mind that each program has its own rules and regulations. Refer to the applicant guide to determine what are eligible expenses. If you aren’t sure the activity you want to execute is covered by program funding, don’t be afraid to reach out to the program contact!
When should you apply for a grant for your Food & Beverage business? This may sound counterintuitive, but ideally not when you need the funding.