Why Invest in Grant Training?

Investing in training for new grant writers can improve the chances of securing funding, and bring about long-term benefits in skill development, efficiency, and employee satisfaction.

1) Increase in Grant Approval Rates   Statistical Insight: According to the Grant Professionals Association, trained grant writers have a higher success rate, with some professionals boasting a 80% success rate in securing funding.

2) Return on Investment (ROI)   Statistical Insight: The average ROI for companies investing in training is around 46%, according to the Association for Talent Development (ATD).

3) Skill Enhancement  Trained Grant writers are more adept at understanding the nuances of grant applications, which can be complex and require specialized knowledge.

4) Time Efficiency  Training can significantly reduce the time spent on each grant application, allowing the organization to apply for more grants within the same timeframe.

5) Competitive Edge   In a 2019 survey by the Foundation Center, 63% of foundations reported receiving more applications than they could fund. Training gives your organization a competivie3 edge in this crowded field.

6) Improved Writing and Communication Skills  Grant writing training often includes modules on effective communication, which can be beneficial in other areas of work as well.

7) Networking Opportunities   Many training programs offer opportunities to network with other professionals in the field, opening doors for collaborations and partnerships.

8) Compliance and Risk Mitigation    Trained grant writers are more likely to be aware of legal and compliance issues, reducing the risk of disqualification due to technical errors.

9) Employee Satisfaction and Retention  Statistical Insight: According to LinkedIn’s 2019 Workforce Learning Report, 94% of employees would stay at a company longer if it invested in their learning and development.*

10) Adaptability to Funding Trends  Training programs often include updates on the latest trends in funding, making it easier for organizations to adapt their strategies accordingly.

*- A CNBC study concurs, and adds that this interest in learning and development is particularly strong among younger workers. 

[MORE HERE: In Determining the Impact of Grant Writing Workshops on Faculty Learning (srainternational.org), the paper evaluates an eight-year study on the effectiveness of grant writing workshops for faculty at Eastern Michigan University, focusing on their ability to secure internal research grant. The study used longitudinal tracking of 485 grant awardees, direct and indirect measures if faculty grant success, and faculty surveys to assess the impact of the workshops. Faculty who attended the workshops had an 80% success rate in receiving grants, compared to a 71.3% success rate for those who did not attend. The workshops also showed positive trends for underrepresented populations.]

My upcoming Unlock-Grants grants course for Early Career proposal writers (launching November 1) supports learners with ONE YEAR of recorded groups calls to field their questions, and includes required quizzes to advance through its eight modules course, and other helpful aids. More details will be made available at Unlock-Grants.com. An amazing offer for the first 100 registrants makes the course even more of an investment! Stay tuned!

 For more on this and other grant topics, visit my website.