Free download: your guide to grant finance and grant audits
We are very pleased to launch a new publication on grant finance, written in partnership with grant writing specialists Venturenomix:
The guide is designed to help organisations understand how grant finance works, covering everything from financial reporting to the grant audit process.
Whether you are thinking of applying for a grant from funders such as Innovate UK, or you want to learn more about complying with grant audits, our guide gives you step-by-step insights to help you secure and draw down your funding.
Who are THP and Venturenomix?
Venturenomix has secured more than £100m in non-dilutive grant finance to support innovation across the UK and Europe, including Innovate UK, UKRI, Horizon Europe and Eureka grant programmes.
Here at THP Chartered Accountants, we operate a specialist grant audit division. With particular expertise in Innovate UK, UKRI and government grant funding, we have a 100% success record of helping clients draw down grant finance.
Who is the guide for?
The guide is primarily for businesses or university research teams planning or delivering R&D projects funded through grants. It will help the reader:
- Understand eligible costs
- Build and justify project budgets
- Manage finance throughout the project lifecycle
- Meet technical and financial reporting requirements
- Prepare for and pass funder audits
In short, the guide is for any organisation seeking to design, deliver and successfully evidence R&D grant-funded activity.
What this grant finance guide covers
The new guide brings together practical expertise from Venturenomix, a leading provider of grant writing and management services, and our own grant audit team. Key topics include:
- Eligible cost categories in grant finance such as wages, overheads, capital, subcontractors and travel
- Financial reporting requirements, including spend tracking and the frequency of of submissions
- Common mistakes in grant finance and how to avoid them, including cost misallocation and poor documentation
- How long independent grant audits take, and how early to begin preparations
These insights will help you with grant finance from a variety of funders who have similar expectations around grant finance accuracy and auditing.
Where can I find out more about grant writing?
You can find out more about Venturenomix’s grant writing service here. The company also offers other services including grant application reviews and grant project management.
Where can I find out more about grant audits?
The first place to look for more information about this aspect of grant finance is our grant audits page. It tells you how the process works, what information you’ll need to provide, and which common problems to avoid. You can also download our service brochure for more detailed insights.
Download the grant finance guide
You can download the guide from Venturenomix and THP by clicking the link below:
If you’d like to speak to a THP grant audit specialist, simply pick up the phone and ask to speak to Miles Girdlestone today.
About Miles Girdlestone
Miles has very broad experience ranging from corporate services, such as statutory audit, accounts and corporation tax return preparation, through to personal tax services.
Miles’ portfolio of clients is extremely diverse, encompassing individuals and partnerships in the medical profession, food processing, arable farming, printing, property rental and development, opticians and roofing, to name a few. Miles says “my commitment to my clients goes beyond numbers; I am dedicated to building long-lasting relationships based on trust, understanding, and mutual success”.
An area of particular interest to Miles is the grant audit service that he oversees. THP have earned an impressive reputation with grant bodies, such as UK Research and Innovation, with world-renowned research institutions, government bodies and private entities choosing THP to be their reporting Accountants.
Miles’ specialist skills:
Statutory Accounts
Management Accounts
Grant Audits
Statutory Audits
Business Strategy
Business Valuations
Corporate Tax
Personal Tax
VAT
