Ask a Law Question, Get an Answer ASAP!
So basically you would be reversing the situation. You would receive the grant money and Goals would receive money from the granted amount via a payment from you. Whether this is legal depends on the exact words of the Grant financial limit restriction.If the restriction is that they cannot appply for a further grant themselves then it is legal however if it says that they cannot directly or indirectly benefit from further grants then that would include indirect payments via your company and would not be legal. As such you need to check the wording
I hope this clarifies the position.If there are any further points please reply.
Many thanks. This is a helpfull common sense answer. I will check the terms of the grant.
Would you see any difficulty if GOALS acted as guarantor to my bid - in other words, if I defaulted on the contract they would be responsible for return of the funds?
No, again check the terms of the grants but I would be surprised if this was a problem as it does not relate to the receipt of the funds but their return should you default.I would think that having someone that they know and have funded as guarantor for your company would be a positive advantage.