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importance of government grants

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Answer:

One of the most significant, if not the most significant, advantages to government grants is the fact that the funding received can be non-repayable. Government agencies are often more willing to take the risk on start-ups and small businesses that banks/investors are not.

A grant is a sum of money awarded to your business from the government that you don't have to pay back. It's awarded to your business to assist in its development, often for a specific purpose.

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