European Grants: 5 steps to ensure a winning application

European Grants:
5 steps to ensure a winning application

European Grants have been a decisive tool and a clear response in supporting companies and have helped many organizations adapt to market demands and grow sustainably. In this article we’ll show you how to secure a winning application in 5 steps.

European Grants: 5 steps to ensure a winning application

European Grants have been a decisive tool and a clear response in supporting companies and have helped many organizations adapt to market demands and grow sustainably. In this article we’ll show you how to secure a winning application in 5 steps.

Funding for sustainable growth
From the digital transition to internationalization and company training, European grants have been key to companies in various sectors of the economy continuing to recover and get their businesses back on track. The Recovery and Resilience Plan (PRR) has been one of the basic supports for the recovery, revitalization and modernization of the Portuguese business fabric, along with other financial incentives such as Portugal 2030, a very important mechanism for supporting Industry, the Rural Development Programme (PDR) for revitalizing and modernizing the agricultural sector or other supports to stimulate Tourism, the creation of companies and business projects, hiring, the creation of new jobs, qualification and sustainable employment.

Boosting companies competitiveness
These incentives have proved to be real levers for the competitiveness of companies in the national and international markets, and have provided companies with essential tools to overcome the challenges of the future.

How to guarantee a winning application?
We know how important it is to submit a quality application to access these funds, so here are some tips that can help you create a winning application:

1. Research Community Funds:
The first step before preparing your application is to understand which grant is most suitable for your company. There is a wide range of EU Grants and funds for companies. Start PME offers an grant simulator where you can access all the support available for companies and find out which ones are suitable for your company. Simply search by sector of activity and amount of funding.

2. Choose support in line with your objectives:
It’s important to know how to identify the funding opportunities that best suit your company. Try looking for support that aligns with your objectives and projects by searching by sector, region, amount of funding, among other relevant indicators.

3. Define a Financing Strategy:
It is important to define a solid funding strategy that includes clear goals, the identification of suitable funding sources and the creation of a detailed action plan that meets the objectives of the funding program you have chosen.

4. Comply with Requirements and Regulations:
Applications for EU Grants have multiple eligibility requirements, each with its own specificities. It is important that your project meets the main goals set by each program and satisfies all the eligibility conditions. In this sense, it is essential to present a well-structured project, with well-defined objectives, a detailed budget and success indicators so that your application is competitive with other candidates.

5. Demonstrate the impact and sustainability of your project:
Climate transition is a common condition for several EUGrants, so it is essential to take this factor into account when preparing your project and drawing up your application. You must integrate a sustainability component into your project and demonstrate the positive impacts your business can have on society and the current economy, such as creating sustainable employment, implementing new technologies, promoting social inclusion, among other factors.

Need help with your project? Our team specializes in preparing applications for European Grants. Get in touch with us.

Andreia Arenga
21.03.2024

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Funding for sustainable growth
From the digital transition to internationalization and company training, European grants have been key to companies in various sectors of the economy continuing to recover and get their businesses back on track. The Recovery and Resilience Plan (PRR) has been one of the basic supports for the recovery, revitalization and modernization of the Portuguese business fabric, along with other financial incentives such as Portugal 2030, a very important mechanism for supporting Industry, the Rural Development Programme (PDR) for revitalizing and modernizing the agricultural sector or other supports to stimulate Tourism, the creation of companies and business projects, hiring, the creation of new jobs, qualification and sustainable employment.

Boosting companies competitiveness
These incentives have proved to be real levers for the competitiveness of companies in the national and international markets, and have provided companies with essential tools to overcome the challenges of the future.

How to guarantee a winning application?
We know how important it is to submit a quality application to access these funds, so here are some tips that can help you create a winning application:

1. Research Community Funds:
The first step before preparing your application is to understand which grant is most suitable for your company. There is a wide range of EU Grants and funds for companies. Start PME offers an grant simulator where you can access all the support available for companies and find out which ones are suitable for your company. Simply search by sector of activity and amount of funding.

2. Choose support in line with your objectives:
It’s important to know how to identify the funding opportunities that best suit your company. Try looking for support that aligns with your objectives and projects by searching by sector, region, amount of funding, among other relevant indicators.

3. Define a Financing Strategy:
It is important to define a solid funding strategy that includes clear goals, the identification of suitable funding sources and the creation of a detailed action plan that meets the objectives of the funding program you have chosen.

4. Comply with Requirements and Regulations:
Applications for EU Grants have multiple eligibility requirements, each with its own specificities. It is important that your project meets the main goals set by each program and satisfies all the eligibility conditions. In this sense, it is essential to present a well-structured project, with well-defined objectives, a detailed budget and success indicators so that your application is competitive with other candidates.

5. Demonstrate the impact and sustainability of your project:
Climate transition is a common condition for several EUGrants, so it is essential to take this factor into account when preparing your project and drawing up your application. You must integrate a sustainability component into your project and demonstrate the positive impacts your business can have on society and the current economy, such as creating sustainable employment, implementing new technologies, promoting social inclusion, among other factors.

Need help with your project? Our team specializes in preparing applications for European Grants. Get in touch with us.

Andreia Arenga
21.03.2024

Share

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