As I can run multiple versions of groovy / grails without having to change settings?
GVM (Groovy enVironment Manager) is a great option if you're on Mac, Linux, Solaris, or Windows with Cygwin. GVM supports the installation and management of Groovy, Grails, Griffon, and Gradle.
If Grails is your primary concern and you use a Windows PC in a locked down enterprise where Cygwin isn't an option, look at Gravy or write a batch file as noted above.
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