Cheaper property and lower salaries make Kent a cost-effective base for business
Kent is home to a wide range of business parks, development land, office and industrial space that are up to 60% lower in rental or purchase costs compared to London. This combined with a highly skilled workforce with lower salary levels can result in operational savings of up to 55%.
Businesses operating in Kent can take advantage of a great range of benefits, including:
Competitive business costs
The UK has the lowest headline business tax rate in the G20 (20 major economies) which companies in Kent benefit from. The current UK corporation tax rate is 19%, reducing to 17% by 2020.
Diverse and first-class commercial property
From large enterprise zones with world-class research facilities to small incubator spaces perfect for start-ups, as well as light modern offices in town centre locations to artistic coastal quarters and country industrial hubs, Kent has a wide-range of diverse and flexible locations perfect for your business.
Multiple funding streams
Kent has a strong offer for financial assistance, with a range of incentives to help your business thrive. From start-up loans to investment in bringing innovative products to life, there are a number of grants available. Speak to our team who can direct you to the best funding schemes to suit your business requirements.
Enterprise Zone status
Within Kent, our enterprise zones at Discovery Park and North Kent offer business rate savings of up to £275,000 over five years, and can be used alongside a number of funding support schemes available for growing businesses.
To find out more about the financial support available to you, download our brochures.