Winning grant funding can often feel like chasing a unicorn. Charities, non-profits, and small businesses pour their time and resources into grant applications, only to be met with rejection more often than not. It’s frustrating, exhausting, and sometimes demoralising. But the reality is that securing grants is a numbers game — albeit one where quality bid writing cannot be compromised.
The more bids you submit, the greater your chances of success. However, this doesn’t mean you can churn out subpar applications. Each bid must be tailored, compelling, and meet the funder’s requirements. Submitting more applications and maintaining quality? That’s where things get tricky — and expensive.
Why Quantity Matters in Grant Funding
Grant funding is highly competitive. According to many funders, the average success rate for grant applications hovers between 10% and 20%. In other words, for every 10 bids you submit, you might win 1 or 2. Even for experienced organisations, a 40% success rate is considered excellent.
Given these odds, it becomes clear that submitting a high volume of applications is essential to securing funding. If you only apply for 3 grants a year, your chances of success are low, regardless of how excellent your applications are. Submitting 10, 20, or even more bids increases your likelihood of winning. But this comes at a cost — both in time and money.
The High Cost of Traditional Bid Writing Services
Traditionally, organisations have relied on paying for each individual grant application to be written. Hiring external bid writing services or consultants on a per-application basis can quickly drain resources. The cost of a professionally written application typically ranges between £250 and £1,500 per bid, depending on complexity and length.
Now, let’s do the maths:
- If you want to submit 10 bids in a year, that’s £2,500 to £15,000.
- For 20 bids, you’re looking at £5,000 to £30,000.
- And if you aim for 30 bids, you could be facing a cost of up to £45,000.
These figures make it clear why traditional pay-per-application models are unsustainable for many small charities and non-profits. Even if you win some grants, the high cost of bidding significantly reduces the net benefit of the funding received.
Balancing Cost, Quantity, and Quality with Fundin
So, how can you play the numbers game without breaking the bank or sacrificing quality?
That’s where Fundin comes in. Our approach combines affordable pricing with the expertise of experienced bid writers. For a low monthly fee of £199, you can submit unlimited bids. Compare that to paying per application, and the savings are substantial.
But what about quality? At Fundin, we believe in the power of human expertise. Our platform allows you to quickly draft applications, but every bid is carefully reviewed and refined by our professional bid writing team. They ensure your applications are tailored, persuasive, and meet funder requirements. We blend technology and human insight to provide the best possible outcomes.
More Grant Applications, Better Chances, Lower Costs
Grant funding is a numbers game, but quality still matters. To improve your chances of success, you need to submit more applications without compromising on quality. Relying solely on traditional pay-per-application models makes this approach prohibitively expensive.
Fundin empowers you to take control of the numbers game. By reducing the cost of bid writing and ensuring each application is high-quality, we help you secure the funding your organisation needs to thrive.
Don’t let the cost of bidding hold you back. With Fundin, you can submit more bids, win more funding, and focus your resources where they matter most: delivering impact.
Ready to simplify bid writing? Visit fundin.ai and see how we can help you win more grants without the hefty price tag.
