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Funding is provided to either effect some change in the economy such as create more jobs, innovation, green working, etc. or to address a market failure such as a lack of social enterprises. For this reason, criteria and eligibility is often very specific and funding may often take the form of paid for advice, zero interest loans or small grants that require a match contribution from the business. If you’re unsure whether you qualify for any of the schemes below please get in touch and we’ll do our best to help.[/vc_column_text][/vc_column][/vc_row]

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The business finance guide provides a comprehensive overview of the financing options available to growing businesses. Whatever the challenges faced, the right financing decisions are critical. For business owners and management, awareness of the choices available allows the business to make a well-informed financing decision.

This link takes you to a helpful tool that guides you through the various options for finance: Find the right finance for you

Search finance and support for your business, click here to go to the Government National Finance Finder Tool.

Local Grants & Funding

Kent and Medway Business Fund - Small Business Boost

Loan Offer – £26k – £99k
0% Interest (10% Admin Fee applied)
20-30% Match-funding required

Applications are invited from start ups and established businesses in all sectors

Excluding:
Franchises
Organisations with a political or religious nature
Primary production (partial exclusion)

Criteria must include:
Growth, Innovation, Increased Productivity, Supply Chain, Contribution to Net Zero

Employment:
Job Creation – essential

Read the SBB Guidance here

To submit your Expression Of Interest

 

 

Kent and Medway Business Fund - Standard Loan

Loan Offer – £100k – £600k
0% Interest (10% Admin Fee applied)
50% Match-funding required

Applications are invited from established businesses in all sectors

Excluding:
Franchises
Organisations with a political or religious nature
Primary production (partial exclusion)

Criteria must include:
Growth, Innovation, Increased Productivity, Supply Chain, Contribution to Net Zero

Employment:
Job Creation – essential

Read the KMBF Standard loan Guidance here

To submit your Expression Of Interest

 

Business Innovation Vouchers

UK-registered horticultural and plant-based food and drink businesses – Take advantage of 50% funding towards research projects costing up to £60,000, with a Growing Kent & Medway Business Innovation Voucher.

Your project must focus on one or more of the following:

  • Moving towards net zero carbon emissions targets
  • Minimising waste and maximising recycling
  • Improving resource use efficiency and sustainability
  • Increasing productivity
  • Resilient food production, such as supply chain resilience and nutritional security
  • Precision technologies, including sensor technologies, AI or robotics
  • Solving the challenge of access to labour.
Tell me more
Prototyping and Demonstrator Fund

Horticultural food and drink supply chain grants worth between £50,000 and £150,000 will be awarded through a competitive process.

With an emphasis on industrial prototyping and demonstration, the competition focuses on:

  • horticultural production including the production of novel, high value compounds from plants
  • fresh produce packaging
  • food and drink processing and manufacturing

Your proposal must focus on innovative technology development and:

  • design, develop, test and deploy a technology
  • conduct a technical and economic assessment

And to positively impact on the economy of the Kent and Medway (K&M) area.

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West Kent Rural Grant Scheme

Rural businesses and communities can apply to the West Kent Rural Grants scheme (funded by the Government’s Rural England Prosperity fund) for funding to support jobs, communities and economic growth.

Grants of £2,000 to £24,999 are available for the 2024/25 financial year.

The funding is for capital projects and match funding is required. Other terms and conditions apply.

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Folkestone & Hythe Rural Funding Scheme

Grants ranging from £3,000 to £10,000 are available (and up to £30,000 in exceptional circumstances) to support rural businesses to:

  • Create jobs and boost community cohesion
  • Increase private sector investment in growth-enhancing activities
  • Green infrastructure and to support rural tourism activity
  • Creation and expansion of rural leisure and tourism businesses
  • Equipment for non-farmer-owned businesses
Tell me more
Ashford Town Centre Business Grants

Provides support to landlords or tenants to make improvements to their business premises and attract investment into Ashford Town Centre.

  • Shop Improvement Grants – 60% of costs up to £3,000 to help existing businesses with external renovations, energy efficiency measures or accessibility measures.
  • Empty Premises Grants – 60% of costs up to £10,000 to help prospective tenants or landlords make improvements to vacant properties in order to fill the units.

 

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Recovery Loan Scheme

The Recovery Loan Scheme (RLS) supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic for Kent businesses (Medway businesses are not currently supported by this Scheme).

RLS facilities can be used for business purposes, including:

  • managing cashflow
  • investment
  • growth.

It is designed to support businesses that can afford to take out additional finance for these purposes.

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Folkestone & Hythe Green Business Grant Scheme

Grants of up to £10,000 may be available to your business (up to £25,000 in exceptional circumstances) to help small businesses to save carbon, become more energy efficient and, in turn, to save the business money.

Who can apply for a Grant?

Small businesses (up to 50 employees) are eligible to apply for a Green Business Grant if:

  • you are the freeholder or leaseholder (with at least 5 years left on the lease) of the commercial property
  • limited to one application per business owner
  • the property is over 10 years old
  • The project will have a positive impact environmentally
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Start Up Loan + 12 months Mentoring

Start or grow your own business

  • 18+ years old
  • Pre-start or trading less than 36 months
  • UK-based business
  • Up to £25,000 at 6% p.a. fixed for up to 5 years

To apply: Applying for a Start Up Loan – Start Up (startuploans.co.uk)

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Got questions? Ask Phil

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