What happens if I spend a grant on the wrong thing?
The funder can ask for the money back. That is called clawback. It happens when the cost was never eligible, the project changed without permission, the same invoice was claimed twice, or the records do not exist. A draft from Find Grants does not insure you against that. Keep the quotes, the invoices and the approval.
Also asked as: grant clawback · ineligible expenditure · do I have to repay a grant
What if the project costs less?
You usually return the unspent amount. A grant is not a bonus for coming in under budget unless the offer letter says you may keep it.
Related
128 answers on this site. Find Grants checks which UK grants a business can get from a postcode or a place. Looking is free. If you want the application written, the fee is £99 for that one application, shown before you pay. Find Grants does not take a percentage of the grant, does not file the form, and is not part of GOV.UK. Confirm every scheme on the funder's own site.