All around the world, vast sums of money pass through incredibly complex systems of grant management. Managed grants provide funding to a broad spectrum of activities—ranging from health to the arts and from transport to the built environment. With each subject having unique characteristics and qualities, specialists determine the best way to spend the money available from grant programs.
Each area of grant funding usually has its own separate processes that handle all aspects of a grant program, from applications onwards. Yet the basic management activities of any grant program are fundamentally the same. It’s hard to tell precisely how much this duplication of activities costs. What is clear, however, is such that even the smallest improvement would free-up significant amount of cash to spend on the intended purpose of grants. This could be achieved without increasing overall spending on administration.