Grants for business
South East Business Boost (SEBB)
The South East Business Boost (SEBB) programme offers growth grants to small and medium sized businesses in Kent if you:
- are a sole trader, partnership, limited company or a not for profit business
- are seeking a grant between £1,000 and £10,000 with total project value of between £3,334 and £35,000 (offering a 30% intervention rate)
- currently have fewer than 250 employees
The programme can fund up to 30% of the costs of qualifying projects, with the remaining 70% being met by the business.
Please note that business support workshops and 1-2-1 advice will be available later. For all the details go to the Kent County Council SEBB webpage.
Low Carbon Across the South East
The Low Carbon Across the South East (LoCASE) programme is still taking expressions of interest from businesses. Please do register on their website if you are interested in support for improving the sustainability of your business e.g. eco-friendly machinery, green waste initiatives etc.
The High Weald unit
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.
Manufacturing Growth Programme
Small manufacturers can apply for a grant to support their business growth in a sustainable and competitive way. These funding opportunities are available from the European Regional Development Fund. Visit Manufacturing Growth Programme for more details.
Our local manufacturing growth manager is
Funding for innovation projects
All kinds of companies can apply for various funding schemes (grants and loans) from Innovate UK which is a central government department, including pre-startups.
See Innovate UK's innovation funding service for lots of details about the many different opportunities to gain funding for your business.
EIRA research and development grant
For research and development activity for artificial intelligence, biotechnology and digital creative sectors. £20,000 - £50,000 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.
EIRA innovation vouchers
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.
Research and development tax relief for small businesses
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.
Start up loans
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.
The British Business Bank
This is a government owned business development bank which aims to make the financial market accessible to small businesses. It assists with start-ups, scale ups and helping businesses grow or giving day to day advice. Just because an SME doesn't fit a risk profile of one of the large banks doesn't mean that they won't succeed.
Business Rate Relief
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.