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English definition of “development grant”

development grant

noun [C]
 
 
FINANCE, GOVERNMENT
money given by a government or other organization to create a business or to help a business grow, especially in an area with a lot of unemployed people: The City Council approved a $300,000 development grant for a family-centered dining and entertainment business.
(Definition of development grant from the Cambridge Business English Dictionary © Cambridge University Press)
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