The final tranche of European Regional Development Funding (ERDF) has now been secured to support businesses in Essex, Kent and East Sussex, who are seeking to increase capacity & develop economically.
The funding is exclusively for small to medium sized businesses (SME’s) or start-ups based in the South East Local Enterprise Partnership (SELEP) area.
Growth grants are now available of between £1,000 and £10,000. The grant can fund up to 30% of the total cost of eligible goods or services.
The grant can contribute to the purchase of a wide range of goods and services related to increasing sales, improving productivity and boosting profitability. From market research, to new machinery, if it helps your business to grow then you could potentially re-claim 30% of the cost up to a maximum grant of £10,000.
Grant applications will be assessed within four weeks of being submitted and funding will be provided retrospectively against evidence of payments for approved items. To find out whether your business and your project is eligible for the funding and to get your application underway, please contact your regional Growth Hub (Kent and Medway Growth Hub) and mention the info you saw on this site.