Mid Multiple

Grant Writing & Funding Consultancy — Business Valuation Multiple

EBITDA Valuation Guide · Small & Mid-Sized Businesses

Actual EBITDA multiples can vary materially based on EBITDA size, growth, recurring revenue, margins, customer concentration, owner dependence, geography and other company-specific factors.

Min

3×

Typical

4.5×

Max

6×

Revenue Model

Mixed

Capital Intensity

Low

3×Typical EBITDA Range6×

A typical multiple of 4.5× EBITDA reflects mid-market transactions in the $1–$50M revenue range.

Overview

Grant writing and funding consultancy businesses typically trade at 3×–6× EBITDA. Success-fee and retained advisory income, established relationships with Innovate UK and EU funding bodies, and multi-sector capability in R&D, capital, and skills grant funding support valuations. Government grant programme changes and staff expertise dependency are the primary risk factors.

Key Value Drivers

  • Success-fee and retained advisory income
  • Innovate UK and public funding relationships
  • R&D, capital and skills grant expertise
  • Multi-sector client base
  • Track record of successful grant applications

Key Risks

  • Government grant programme changes
  • Staff expertise dependency
  • Project-based income variability
  • Competition from larger consulting firms
  • Eligibility rule changes reducing pipeline

Disclaimer: All multiples are indicative estimates only and are not formal valuations or investment advice. They should not be relied upon for financial decision-making without independent professional advice.