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Basic definition of EC grants and procurement contracts. - or the functioning of a body which pursues an aim of general European interest or has an objective forming part of a European Union policy.
Grants are non-repayable funds or products disbursed or gifted by one party, often a government department, corporation, foundation or trust, to a recipient, often a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of Grant Writing often referred to as either a proposal or an application is required. Most grants are made to fund a specific project and require some level of compliance and reporting. The grant writing process involves a