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I’ve not had any personal experience with this but I spoke to someone a while back who has and what has been outline in this thread is consistent with what he told me. He concluded that the hoops you have to jump through make it nonviable for smaller businesses. He was a bit vague on where it became viable but he did say it puts a lot of stress over and above the normal workload and even when you invest all the time into gearing up to meet the requirements and applying there is still no guarantee you will get a grant.