Kent and Medway Business Fund
The Kent and Medway Business Fund (KMBF) is now open to receive pre-applications. The fund is financed by recycled loan repayments from the former Regional Growth Fund schemes (Expansion East Kent, Tiger and Escalate) and aims to offer funding to businesses across Kent and Medway.
The scheme primarily offers 0% loans between £50,000 and £500,000 to small and medium sized businesses (SMEs) with the potential to create new jobs and growth. Loan can be used to develop new or expand existing products, services or processes, where these will lead to new jobs, deliver business growth or improve productivity.
The scheme aims to deliver £5 million of investment to businesses across Kent and Medway in 2017/18. Since April 2012, the scheme has made investments worth £56.3 million to over 240 companies, creating 2,506 new jobs and safeguarding a further 1,352.
Further information, applicant’s guidance and access to the online Pre-Application can be found here