Meaning of “development grant” in the English Dictionary

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"development grant" in Business English

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development grantnoun [ C ]

uk us 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)