7.23 It is sometimes possible to attract grant funding for a venture. The notional or financial return requirement against grant will usually be related to outputs or outcomes with clawback in certain circumstances. Grants are usually only available for specific purposes, such as for R&D expenditure or investments in economically deprived areas and many grant schemes are only open to certain types of entity, such as Small and Medium Enterprises (SMEs). The eligibility of a JV for certain grant schemes will also depend on whether it is classified in the public or private sector (see Chapter 5) and there may be other more specific eligibility criteria.