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Grants and funding for your businesses

There are many funding opportunities for businesses based in Tunbridge Wells. Please see the grants and loans currently available below.

  • Kent and Medway Business Fund (KMBF)
    The scheme provides 0% interest loans of between £100,000 and £500,000 to small and medium sized businesses, repayable over a period of five years following a six-month repayment holiday.
  • Small Business Boost (SBB)
    Small Business Boost provides financial support of between £26,000 and £99,000 to small and medium sized businesses, repayable over a period of five years following a six-month repayment holiday.

Apply for both schemes and find out more information at the Kent and Medway Business Fund website.

The Department for International Trade will be offering match-funded grants of between £1,000 and £9,000 for future activity (subject to eligibility and availability).

To secure a grant, you’ll need to fund a proportion of your costs yourself. This varies according to where your business is based and will be either 40 or 50% of the total cost.

The fund can be used to support areas including (but not exclusively limited to):

  • Market research
  • IP (intellectual property) advice
  • Translation services
  • International social media/SEO
  • Trade fairs (where no TAP funding is available)
  • Independent market visits
  • Consultancy and other international commercial services

To find out more visit the Internationalisation Fund available for businesses in England page.

The programme can fund up to 30% of the costs of qualifying projects, with the remaining 70% being met by the business.

  • Funding available for capital items
  • Grants between £1,000-£10,000
  • Funding 30% of your project

Businesses who were supported with either a grant or a business support intervention on the South East Business Boost I (SEBB I) are not eligible to apply for SEBB II. For more information and to apply, visit the South East Business Boost (SEBB) page.

I-Construct works 1:1 with small and medium-sized enterprises to assess their business plan, agree tailored business support, and offer project-specific help with business development or grant-funding applications.

I-Construct also offers SMEs a choice of two additional routes to work on their business priorities:

  • Business development support
  • 30% Grant funding between £1,000 and £20,000

Start or grow your own business with a loan and mentoring support today. The British Business Bank work with a national network of delivery partners who help applicants prepare a business plan and cash flow forecast and provide ongoing mentoring. You can apply today if you are:

  • 18+ years old
  • Pre-start or trading less than 24 months
  • A UK-based business
  • Up to £25,000 at 6% p.a. fixed for up to 5 years

Visit Start-up loan and 12-month mentoring to find out more.

The scheme is for small to medium sized manufacturers who are able to demonstrate an intention to grow/improve. The grants will be provided to support the costs of working with an external expert to help your manufacturing business grow.

Visit the Manufacturing Growth Programme website to find out more.

This SEBB grant is for businesses under 12 months old who are showing good growth to help them grow faster, ideally with a view to creating a new job or process within the business.

  • Grants between £1000-2000
  • 100% funded
  • Must be spent on capital items that will grow your business
  • Basic IT equipment is included

To express interest, go to the standard SEBB grant page and fill in the EOI.

The High Weald organisation often has grants available to small local firms which are looking to improve the natural environment.  Contact them with project ideas if there are no relevant grants on their website.

All kinds of companies can apply for various funding schemes (grants and loans) from Innovate UK which is a central government department, including pre-start-up businesses. Details of their Knowledge Asset Grant Fund can be found be clicking on the Innovate UK link above.

For research and development activity for artificial intelligence, biotechnology and digital creative sectors. Funding of £20,000 - £50,000 is available as 75/25 match funded grants which can help towards feasibility testing, development of a product or service, de-risking a complex innovation, diversifying product range, enhancing products from prototypes and more. See funding opportunities on the EIRA site.

Worth up to £6,000 for the artificial intelligence, biotechnology and digital creative sectors again. 80/20 match funded for academic experts to provide a business with support for scoping or developing new products, solving problems, carrying out a feasibility study, scoping a new business idea and more. See funding opportunities on the EIRA site.

This government scheme rewards businesses by providing research and development tax relief. Business owners that develop new innovations, such as software, products and processes may be eligible to make claims. More details are on the government website.

Pre-start up and new businesses trading for less than 2 years can receive up to £25,000 at 6% p.a. fixed for up to 5 years. Free mentoring, support with your business plan and cash flow is also part of the scheme.

More details are on the Start Up website.

Charity organisation that provides loan finance for those who have been turned down by mainstream banks.

Fredericks Foundation offer repayable business loans, generally over 2-3 years (depending on circumstances), it is cheaper than borrowing from banks.  Your business can be at any stage to apply. For start-up businesses, it offers up to £15,000, but the average loan is usually less than £5,000.

There is an upfront fee of £250. Fredericks Foundation is authorised and regulated by the Financial Conduct Authority.

A number of schemes exist to support local business with paying business rates. To find out more go to the Business Rates team web pages.

See our Decarbonising your business page to find out about  grants and funding to decarbonise your business.