The Criteria for the Success of a Grant Application in the Context of Increasing the Role of Socially Oriented Business

Abstract

The justification and objective reasons for the growth of the role of socially oriented business in the modern conditions are specified. At the same time, attention is drawn to the need to systematically attract social investments and the emergence of new donor groups. In particular, a classification of the beneficiaries of grant project is provided. This allowed to substantiate the role of each participant in the implementation of projects and achievement of the priorities of social investment. In this regard, attention is drawn to the possibility of combining theoretical substantiations with the applied aspect of the issue. Examples are given and the directions of activities of a number of donors, who already have experience in the process of financing social investments in Ukraine, are substantiated. In particular, groups of grant donors operating in our country are defined. Attention is drawn to the priority spheres of attracting grant funds in Ukraine. It is substantiated that regardless of the difference in the conditions of a successful grant application for each donor, there are a number of common characterizations in the process of preparing and writing a grant application. The stages of the process of preparing for writing a grant application are generalized. The general algorithm of developing and writing a grant is substantiated. It is concluded that it is necessary to determine the common value guidelines with the donor to write a successful grant application.

Keywords

• grant financing
• social investments
• socially responsible business
• donor
• grant application