@burningTyger Yes, you are correct, and I have collected several of these, thank you for the reminder of its importance.
However, I gather from lectures I've attended by industry peers who've taken this route that the climate and tastes of grant-giving bodies can be quite zeitgeist-driven both in terms of the the kind of art that's being awarded grants and the kinds of organisations favoured by different bodies.
For example, I would be wasting my time applying to a grant that has primarily favoured SMEs making mainstream commercial releases.
I'm after a vibe check as much as a bit of low-key mentoring.