There are several good reasons why it makes sense to get help from a professional when it comes to funding advice. These reasons include both increasing the chances of success and making efficient use of the available funding.
1. maximizing the chances of success
- Complexity of applications: Grant applications are often complex and require precise details of projects, budgets and objectives. A professional knows the formal requirements and can ensure that the application is submitted completely and correctly to increase the likelihood of approval.
- Experience and expertise: Professionals have extensive experience with the application process and know how to tailor the application optimally to the requirements of the respective funding body. They know the evaluation criteria of the funding programs and can incorporate these into the application in a targeted manner.
2. time saving and efficiency
- Complex processes: Applying for funding is often time-consuming and requires detailed preparation. A professional consultant takes over this process so that companies can concentrate on their core business.
- Fast processing: Professionals know how to speed up the process by providing the right information right from the start and answering any queries from the funding bodies quickly and efficiently.
3. knowledge of all available subsidies
- Broad knowledge: A professional has a comprehensive overview of the various national and regional funding programs, as well as EU funding. Many companies are often unaware that there are numerous programs that could fit their needs. A consultant can point out additional funding opportunities that the company might not have discovered on its own.
- Individual advice: Funding consultants offer customized solutions that are tailored to the company's specific requirements and objectives. They help to select the right funding programs that best fit the corporate strategy.
4. optimization of the funding amounts
- Maximum utilization of subsidies: A professional knows how to maximize the subsidy amount by taking all eligible costs into account and stating them correctly. This ensures that the company derives the greatest possible benefit from the funding.
- Avoidance of incorrect information: Errors or incomplete information in the application can lead to a reduction in the funding amount or even rejection of the application. An expert will ensure that all information is correct and complete.
5. avoidance of errors and repayments
- Error-free applications: Errors in the application process, such as unclear project descriptions or incomplete documents, can lead to delays or rejections. A professional minimizes this risk and ensures that all documents are submitted correctly.
- Repayment risks: Improper use of funding can result in repayment claims. A funding consultant ensures that the funds are used for the intended purpose and correctly to avoid legal or financial problems.
6 Long-term planning and sustainability
- Future-oriented strategy: A consultant can not only help in the short term, but also develop long-term strategies for the use of funding. This helps the company to continuously benefit from state support and realize new innovation projects.
- Project support and monitoring: Many consultants offer ongoing support, even after the funding has been approved. They help with proper accounting, project monitoring and the preparation of final reports.
7 Specialized expertise
- Specialist knowledge in certain sectors: Funding consultants often specialize in specific industries or projects, e.g. in the areas of research and development, digitalization or renewable energies. A consultant with special expertise understands the industry-specific requirements and can prepare the application to fit the funding program perfectly.
- Technical expertise: For complex projects involving technological innovations, a consultant with a technical background can help to formulate the project details in such a way that they convince the funding body.
8. avoidance of frustration
- Bureaucratic effort: Funding applications can involve a large number of bureaucratic requirements and supporting documents. For companies without experience, this can be frustrating and time-consuming. A professional will ensure that the process runs smoothly and stress-free.
Conclusion:
Professional funding advice not only helps companies to find the right funding programs, but also to ensure that applications are submitted correctly and successfully. This maximizes the chances of approval, reduces the time required and ensures that companies can exploit the full potential of the funding. Working with an experienced consultant is a sensible investment that can pay off many times over with successful funding.