Government Grants & Funding refer to financial assistance, incentives, subsidies, and resources provided by government agencies, departments, and programs to support the growth, innovation, and sustainability of businesses across various sectors and industries. These grants and funding schemes aim to stimulate economic development, promote entrepreneurship, and address societal challenges through financial support and assistance.

1. 1. Access to Capital: Government grants and funding provide businesses with access to capital that may not be available through traditional financing channels. This capital can be used to fund research and development initiatives, product innovation, market expansion, infrastructure development, and other strategic initiatives critical for business growth and competitiveness.

   2. Cost Savings: Government grants and funding schemes often come with favorable terms and conditions, including low-interest rates, flexible repayment terms, and in some cases, non-repayable grants. This translates into significant cost savings for businesses, reducing the financial burden associated with borrowing and enabling them to invest resources more strategically.