What does “leveraging” mean?

What does “leveraging” mean?

Leveraging refers to using grant funds to attract or secure additional resources — such as funding, equipment, or partnerships — from outside organizations. Leveraging is not part of the official project budget, but demonstrates broad support for the project and maximizes the impact of the grant by combining it with other contributions or partners. Leveraged resources  help expand the project’s scope and impact beyond the funded grant and any applicable cost sharing.