A grant is a financial award provided by a government, organization, or institution to support specific projects, research, or business activities without requiring repayment. Grants are commonly used in sectors like education, workforce development, and business expansion to fund initiatives that drive innovation, training, and economic growth.

In external workforce management, grants can be leveraged to support upskilling programs, apprenticeship schemes (such as NAPS & NATS), and compliance-driven workforce initiatives. Businesses can optimize grant utilization through structured financial planning, compliance tracking, and reporting mechanisms to ensure effective fund allocation and maximize workforce impact.