No, under no circumstances. A grant, in the strict sense, will be an outright gift of cash, but it is given on condition that agreed criteria, particularly purposes and objectives, are met.
"Grants" may also be taken to mean: -
- Soft loans which will have, typically, an interest rate rebate and/or a capital repayment holiday and/or a reduction in collateral requirements.
- Subsidized services or the provision of free information and advice.
- Tax credits e.g. for rate relief or R&D are also a form of grant.