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Kent has a number of funding initiatives aimed at creating jobs by supporting ambitious businesses
Invest in another country, or move or expand an existing business, requires funding Kent has a compelling offer for financial assistance, an important influencing factor in decision-making

FUNDING

Taking the decision to invest in another country, or move or expand an existing business, requires funding. Kent has a compelling offer for financial assistance, an important influencing factor in decision-making.

Available Schemes

Thanks to the Government’s Regional Growth Fund, with backing from Kent County Council and partners, Kent has a number of funding initiatives aimed at creating jobs by supporting ambitious businesses. And the good news is that these job-creating loans are interest-free.

There’s also the possibility of further business funding in those areas of Kent identified as Assisted Areas. In particular, SMEs may receive public support towards an increased proportion of their project costs.

There is also a raft of support from Government nationally that is helping to attract overseas and UK businesses to Kent.

Kent has Enterprise Zones at Discovery Park, Sandwich and The North Kent Enterprise Zone which includes sites in Ebbsfleet, Medway and Maidstone,  for more details click here.

See below for further information on the various funds available to support growing businesses. To find out if your company may be eligible for any of these schemes, email our business development team or call Chris Broom on 01732 500700.

FILTER BY:

Here you can filter the information below; showing you either those additional financial assistance schemes available by local districts or those available nationally.

KENT

Loan

Start Up Loan + 12 months Mentoring

Key points:

  • 18 years or older
  • Pre-start or trading less than 24 months
  • Business based in Kent
  • Up to £25,000, repayable over 1-5 years
  • A low fixed rate of interest (6% p.a.)
  • No set up or early payment fees

KENT

Grant

Low Carbon Across the South East (LoCASE)

Key points:

Business development, growth and competitiveness initiatives for SMEs in the Low Carbon and Environmental Goods and Services sector.

£1, 000 - £10,000 match-funded grants for SMEs to cover 40% of your energy efficiency project costs.

KENT

Rate Relief + Benefits

Enterprise Zone Rate Relief

Key points:

  • Discovery Park Enterprise Zone in Sandwich, near Dover and North Kent Enterprise Zone, including six sites across Ebbsfleet, Medway and Maidstone offers business rate relief of up to £55,000 a year for five years – a total of up to £275,000
  • Discovery Park also benefits from a simplified planning regime to support inward investment

Applies to any business size. 

MEDWAY

Grants 0% loans

Partners for Growth

Key points:

  • Focused on supporting Medway-based growth, the scheme provides a package of local funding and free business advice.
  • It has two distinct elements Start-up grants and 0% loans for growing SME businesses

 

NATIONAL

Tax relief

R&D Tax Relief

Key points:

Corporation Tax relief on research and development activities 

Applies to any business size

NATIONAL

Grants

Manufacturing Growth Programme

Key points:

Grants of up to 35% of the cost to deliver your manufacturing growth plan. 

SME's only

 

NATIONAL

Tax relief

Patent Box

Key points:

This enables a 10 per cent Corporation Tax rate to apply to business profits attributed to patents and intellectual property registered in the UK.

Applies to any business size. 

 

NATIONAL

Loans

Innovation

Key points:

0% loans between £100,000 and £999,999 towards the development of innovation incubator spaces and other workspaces for start-ups and small businesses within Kent. 

SME's only

 

ENGLAND

Rural Grant Funding

Kent LEADER programme

Key points:

Kent LEADER is a source of funding available to farmers, growers, foresters, rural businesses and communities to help secure a sustainable future for the rural economy of Kent. The fund has a minimum grant award of £2,500 and a maximum of usually £50,000-£100,000 at a rate of 40% of eligible costs for commercial projects.

SME's only  

 

KENT

South East Business Boost (SEBB)

Kent & Medway Growth Hub

Key points:

Working with SME's to offer:

  • 30% grant contribution (max grant value £10k) towards the cost of capital purchases which help to drive Business Growth
  • Business workshops
  • Business start-up advice and support

KENT

Innovation

Innovate UK

Key points:

Innovate UK offers funding between £25,000 and £10 million for the development of an innovative product, process or service by a UK-based company. Awards are made on a competitive basis. 

Applies to any business size. 

KENT

Boost 4 Health

Kent SME's 

Key points:

For SME's operating in the life sciences sector looking to network and trade internationally. Includes:

  • Micro financing to help travel and growth
  • Cross border networking and product validation
  • 1:1 growth coaching programme
  • Part funded visits to networks and clustering activity

 

 

IMAGERY USED WITHIN OUR SITE:

Locate in Kent would like to thank - Canterbury Christ Church University, Discovery Park, Frogmore, Kent County Council, Liberty Property Trust UK, London Array, Medway Council, Thanet Earth, University of Kent and Visit Kent - for the use of their images on this website.

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Our business is to support yours

To find out more about the support that is available to you download our free brochures here.

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