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Last update
28/07/2024
Grants and Government-Backed Loans in Folkestone and Hythe
Government-Backed Loans
Start-Up Loans: Government-backed loans of up to £25,000 with business support.
- Link: Start-Up Loans
Local Grants and Support
Folkestone & Hythe District Council offers a range of business support and grant schemes.
Rural England Prosperity Fund: Provides capital grant funding for businesses and community projects in rural locations.
Romney Marsh Business Hub Equipment Grant Scheme: Offers grants of up to £10,000 for businesses occupying office space in the business hub.
South East Business Boost: Provides growth grants of between £1,000 and £10,000 for SMEs and startups.
Additional Support
Kent Invicta Chamber of Commerce: Offers business support and networking opportunities.
Locate in Kent: Provides business investment and relocation services.
How to Access Support
- Identify your business needs: Clearly define what the funding will be used for.
- Research available options: Explore government websites, business support organizations, and industry-specific resources.
- Seek professional advice: Consider consulting with an accountant or business advisor.
- Build a strong business plan: A well-structured plan is essential for securing funding.
- Network: Connect with other entrepreneurs and business owners to learn about their experiences and potential funding sources.
Additional Tips
- Be prepared: The grant application process can be competitive, so ensure you have all the necessary documentation ready.
- Consider alternative funding: Explore crowdfunding, angel investors, or venture capital if grants and loans are unsuccessful.
- Stay informed: Keep an eye on funding opportunities as they can change frequently.
By combining government-backed loans with local grants and support, you can increase your chances of securing the necessary financial backing for your business.
Folkestone & Hythe District Council Contact
- Website: Folkestone & Hythe District Council
- Phone: 023 9254 5000
Frequently Asked Questions (FAQ)
Q1: What types of businesses are eligible for the Start-Up Loans?
A: Start-Up Loans are available to new businesses and those that have been trading for up to 24 months.
Q2: How do I apply for the Rural England Prosperity Fund?
A: You can find more information and apply through the Folkestone & Hythe District Council's website.
Q3: What is the maximum grant amount available from the South East Business Boost?
A: The South East Business Boost offers growth grants of between £1,000 and £10,000.
Q4: Can I apply for more than one grant?
A: Yes, you can apply for multiple grants as long as you meet the eligibility criteria for each one.
Q5: What support does the Kent Invicta Chamber of Commerce offer?
A: The Kent Invicta Chamber of Commerce offers business support, networking opportunities, and access to funding information.
Q6: Are there any grants specifically for businesses in rural areas?
A: Yes, the Rural England Prosperity Fund provides grants specifically for businesses and community projects in rural locations.
Q7: How important is a business plan when applying for grants and loans?
A: A well-structured business plan is crucial as it increases your chances of securing funding.
Q8: What should I include in my grant application?
A: Ensure you include all necessary documentation, a clear explanation of how the funds will be used, and how it will benefit your business.
Q9: Can I seek advice from the council regarding my application?
A: Yes, Folkestone & Hythe District Council provides advice and guidance for businesses looking to apply for grants and funding.
Q10: What are alternative funding options if grants and loans are unsuccessful?
A: Consider exploring crowdfunding, angel investors, or venture capital as alternative funding options.
