Public Funding is constantly subject to changes.
Grants are public funding instruments to achieve targets based on innovation, sustainability and the mobility of the labour market, among other topics When spearheads of the public policy are changing, for example due to a changed economical climate, the grant possibilities change also. econet is on top of these developments.
At this moment, we identify six important trends in grants.
- The Public Private Co-operation
A ‘Public Private Partnership’ (PPP) is a co-operation between a public and one or more private companies. In this way, the government uses the power of the knowledge and innovation of the market. The private area has an increasing accountability and bonding to civil developments that will be shared by the government. That’s why a lot of grant programs are demanding that the applicant of the grant, is a partnership where multinationals, innovative companies and knowledge institutions join forces, to solve a joint problem.
- More influence of the market on grant themes
The European Commission, more often invites parties to identify the needs, to define which grant themes are most important and how to shape them. Especially parties that co-operate in a Public Private Partnership and are able to share their strategic ambitions with governments, can be of influence in future grant schemes.
- The impact of being awarded a grant is increasing
The primary reason is the financial compensation, however there are also other benefits associated with grant award. The acknowledgement and the strengthening of a company’s image, product or service have increased their value. They create chances to co-operate with prominent innovative companies or will make it possible to become partners with well-established research institutes.
- Grants are on Boards agenda’s
Subjects like absenteeism, tax burden, recruitment and innovation, are always considered relevant company issues. Over the last ten to fifteen years, using and managing the grant potential to the maximum level, was not given the fullest attention by Company Boards. In these subjects, a major turning point is visible as grants have become a full subject at the executive table.
- Increasing need of overview in grants offer
There are in excess of 20,000 regional, national and European schemes. However the government is looking to review this, until then it seems to be impossible to adjust the ambitions of regional, national and European governments and there departments. The result is a non-transparent maze of possibilities, conditions and backgrounds.
- The arguments for reducing administrative burdens are increasing
The government wants its resources to be used in a responsible way. That means, administrative procedures and controlling the implementation of grants projects has to be solid. Most national and European grant users have expressed that the administrative burden is too high. That is the reason more attention for reducing administrative burden has appeared to increase the user-friendliness of grants.