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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, contact our experts.

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

Business Loan

Start Up Loan + 12 months Mentoring

Key points:

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

For more information visit the LOCASE website - www.locase.co.uk

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

For more information contact Chris Broom - chrisb@locateinkent.com or 01732 520700.

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 loans for growing businesses

For more information please contact Medway Council's Economic Development team on 01634 338138 or email business.support@medway.gov.uk

NATIONAL

Tax relief

R&D Tax Credits

Key points:

An increased level of super-deduction relief – which reduces a company’s tax bill by an amount equal to the percentage of its allowable R&D expenditure – is available to SMEs involved in research and development.

This can be in the form of a reduced tax bill or a cash sum paid by HMRC.

For more information visit www.gov.uk/guidance/corporation-tax-research-and-development-rd-relief.

NATIONAL

Grants

Smart

Key points:

This grant scheme supports SMEs carrying out R&D.

Three types of business grant are available: proof of market, proof of concept and development of prototype.

For more information visit https://www.gov.uk/guidance/innovation-get-details-about-innovate-uk-funding-competitions#smart

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.

For more information visit https://www.gov.uk/guidance/corporation-tax-the-patent-box

NATIONAL

Apprenticeships

Kent Apprenticeships

Key points:

There is a Kent County Council-run scheme to support the engagement of apprentices at a reduced cost to the company.

For more information visit http://www.kent.gov.uk/jobs/starting-your-career/be-an-apprentice.

NATIONAL

Manufacturing Growth Programme

Grants available to support business improvement

 

Key points:

The Manufacturing Growth Programme provides free advice and support with grant opportunities for you to make sustainable business improvements. 

If you are a manufacturing SME get in touch with the local Kent Growth Manager: Keith Mabbutt on 07773 228147. 

www.manufacturinggrowthprogramme.co.uk

 

 

ENGLAND

Rural Grant Funding

 

Rural Development 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. 

West Kent: Caroline Lingham 01732 227282

Kent Downs & Marshes: Huw Jarvis 03000 417104

East Kent: Andrew Sinclair 03000 412566

NATIONAL

Get Exporting 

 

Department for International Trade

Key points:

Working with SME's, particularly those with no export experience. 

  • Free 1-2-1 advice and support from International Trade Advisor
  • Funding for web development, market research and visits to overseas markets
  • Trade missions and 'meet the buyer' events
  • Susbsidised training and master classes
  • Access to trade advisors in 100 overseas markets

Contact andrew.mapstone@tradesoutheast.com or call 01372 450669.

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

Contact SEBB@southend.gov.uk

KENT

Innovative Sector Exchange

 

KCC & Interreg

Key points:

Working with SME's in Kent to adapt or develop products or services to help them trade internationally:

  • Sector based half day expert workshops
  • Cross border networking and intensive workshops
  • 1:1 diagnostic to assess export readiness (action plan)
  • Part funded visits to trade shows
  • Part funded attendance at trade shows

Contact Andra.grecu@kent.gov.uk

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

Contact international.affairs@kent.gov.uk

 

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.