Grants: meaning, definitions and examples

Grants are typically given by governments, foundations, or organizations to individuals or institutions for a specific purpose, such as research, education, or projects. They generally do not require repayment.

• The university received several grants to support their new science programs.
• She applied for a grant to fund her research on climate change.

A subsidy is a form of financial support provided by a government to help reduce the cost of goods and services, often to stimulate economic activity or support struggling sectors. It usually has a negative connotation when viewed as market manipulation.

• The farmers received a subsidy to help them cope with the rising costs of production.
• Public transportation is often subsidized to keep fares affordable.

Funding refers to the provision of financial resources for a specific purpose or project. It can come from various sources, such as investors, government agencies, or private organizations. The term is broadly used in business, education, and non-governmental sectors.

• The startup secured funding from a venture capital firm.
• They are looking for funding to expand their operations.

Aid is often used to refer to help or assistance, whether financial or otherwise, that is given to countries, communities, or individuals in need, especially during crises or disasters.

• The international community provided aid to the earthquake victims.
• They received medical aid after the accident.

A general term used when offering or providing something to someone, often used in various informal contexts.

• She gave him a gift for his birthday.
• Can you give me a hand with this project?

Used when giving someone the opportunity or permission to do something, usually in everyday situations.

• My parents allowed me to go to the party.
• The teacher allowed the students to use their phones during the break.

Used when giving formal agreement or acceptance to something, often after reviewing or considering it carefully.

• The committee approved the new policy.
• His supervisor approved his request for a raise.