Top tips for achieving funding success

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Part one of this funding blog series Finding funding for your business provided some resources to help find funding opportunities to finance a business idea or invest in growth plans. Once suitable funding options have been identified, there will usually be a formal process to present the business or idea to potential funders, provide information about how the funds will be used and provide details of what outcomes will be achieved as a result of the funding.

So how do you put together a successful funding application? People who have achieved success and have gone through the process themselves can offer valuable advice and encouragement …

Orwell and Goode is a young, dynamic design company established in 2011. Orwell and Goode successfully applied for two small grants from Business Gateway. The grants were match funded which means the business had to match the funding from the grant provider. One of the grants enabled Orwell and Goode to attend a major trade show which helped position the company as a serious player in the home interiors market. In 2013 Orwell and Goode won the prestigious Best New Home Product award at Top Drawer London and they now have over 80 stockists in the UK and Europe and continually extend their product portfolio and design collections.

Co-founder of Orwell and Goode, Bronagh O’Kane (Mrs Goode), provides her top tips for achieving funding success …

Ian Whelan established Avisius Research in 2002 and successfully obtained Smart funding to help research and develop insect control technologies which are now used across international human and animal healthcare markets in household brands including Hedrin and FLEE. Ian also acts as an innovation consultant to some of the leading global pharmaceutical companies and has won several awards for innovation. In 2014, in recognition of his services to the industry, Ian was awarded a Fellowship of the Royal Entomological Society.

Here are Ian’s top tips for achieving funding success …

Social enterprise and community organisation Scottish Traditional Boat Festival secured funding in 2012 for their project Portsoy Organisation for Restoration and Training (PORT).

Chairman Roger Goodyear has a wealth of experience in sourcing funding for projects with a social purpose and offers these top tips for achieving funding success …

Good luck!

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