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    Last update 05/08/2024

    Grants and Loans for Startups and Small Businesses in Canterbury, UK

    There are several grant and government-backed loan options available to startups and small businesses in Canterbury, UK. This guide provides an overview of the opportunities, eligibility criteria, and how to apply.

    Grants

    The Low Carbon Across the South East (LoCASE) Grant Programme

    • This program offers grants of between £1,000 and £10,000 for small and medium-sized enterprises (SMEs) to help fund projects that will reduce carbon emissions.
    • Website: LoCASE Grant Programme

    Business Boost Grants

    Government-Backed Loans

    Kent and Medway Business Fund (KMBF)

    • Offers 0% interest loans between £100,000 and £600,000 for established small and medium-sized businesses looking to grow.
    • Website: KMBF Loans

    KMBF Small Business Boost

    Start Up Loan

    • Offers low-interest loans of up to £25,000 at a 6% fixed interest rate for pre-start and early-stage businesses.
    • Website: Start Up Loan

    Additional Resources

    Canterbury BID

    Kent County Council

    Kent and Medway Growth Hub

    Additional Links

    Important Tips

    • Research Thoroughly: Before applying, carefully review the eligibility criteria and requirements for each grant or loan.
    • Contact Local Authorities: Reach out to Canterbury City Council and Kent County Council for the most up-to-date information and guidance.
    • Consult Business Support Organizations: Organizations like the Kent and Medway Growth Hub can provide guidance and advice on funding options.

    Contact Information

    Canterbury City Council

    FAQs about Grants and Loans for Businesses in Canterbury

    1. Are there grants specifically for online businesses in Canterbury?

    While specific grants for online businesses may be limited, broader programs from Canterbury City Council and other organizations can support various business types, including online ventures.

    2. How much funding can I get through these programs?

    Funding amounts vary depending on the program. For example, Start Up Loans offer up to £25,000, while LoCASE grants offer between £1,000 and £10,000.

    3. Am I eligible if my business is not yet registered?

    Some programs may require your business to be registered, while others might support pre-start businesses. Check the specific program requirements for details.

    4. What kind of business plan do I need?

    A detailed business plan outlining your business model, target market, financial projections, and growth strategy is usually required for application.

    5. How long does the application process take?

    The application timeline varies for each program. Contact the organizations directly for estimated processing times.

    6. Can I apply for multiple grants or loans?

    In some cases, you might be able to combine funding from different sources. Consult with the program providers for guidance on this.

    7. Are there any fees associated with applying?

    Most grant programs do not have application fees, but loan schemes might have arrangement or interest fees. Check the specific details for each program.

    8. What if my business is not in a "high-growth" sector?

    While some programs prioritize high-growth sectors, others might have broader eligibility criteria. Explore all available options to find suitable funding.

    9. Can I use the funding for marketing and advertising?

    Generally, funding can be used for various business expenses, including marketing, website development, and inventory. Verify specific allowable expenses with each program.

    10. Where can I get help with my application?

    Business support organizations and the council's economic development team can offer guidance and assistance with your application, helping you navigate the process.

     

    By exploring these resources and seeking professional guidance, you can increase your chances of securing the financial support needed to start or grow your business in Canterbury.

     

     

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