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Unfortunately it's a conversation that comes up quite a bit. :( Some people have huge deposits. The problem is once the money is spent, it's gone so can't be considered to be contributing to the affordability of the loan. The government grant is there to help you start up your business...

Financiers are legally required to verify that you have the income to afford the debt on an ongoing basis. The government grant is not considered to be income. Projections are irrelevant. Your deposit is great, but it's not income either and can't assist you in determining affordability...