Government Grants
Non-repayable funding from government for specified purposes: research, training, regional development, environmental in...
Real World
Dyson received UK government R&D grants early in its development, allowing it to fund motor technology research without diluting ownership or taking on debt.
Exam Focus
Stress that grants are non-repayable — this is the key advantage; examiners penalise students who imply repayment.
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