Grant for Business Investment
Grant for Business Investment aims to support businesses to increase productivity by investing in projects which require financial intervention in order to proceed, and which have the potential to improve the region’s economic performance. Grants can be used to:
- Upgrade a business by introducing innovative new technology or processes;
- Take a new product from development to production
- Modernise, expand or re-organise an existing business
- Launch a new business.
SMEs based in the South East of England are eligible to apply. Grants range from £10,000 to £2million. Small businesses can receive a maximum grant of 20% of the total project spend, and medium-sized companies, a maximum of 10%. For businesses based in Thanet and parts of Dover, small businesses can receive up to 35% and medium-sized businesses up to 25%.
