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Invest in Dover > Funding & Incentives

Funding & Incentives

Designated as a Growth Point and home to the UK’s most successful Enterprise Zone, the Dover district offers significant incentives for new and growing businesses.  

Businesses locating to the Discovery Park Enterprise Zone can benefit from Business Rates discounts of up to £275,000 along with tax breaks on capital investment.

NEW LAUNCH! Innovation Investment Loan Fund (i3)  

Innovation Investment Loan Fund (i3) will be open to receive pre-applications from Friday 25th August 2017 (closing at 12 noon on 11 September 2017).  The Innovation Investment Loan is supported by the South East Local Enterprise Partnership’s Local Growth Fund.   

The scheme primarily offers 0% loans between £100,000 and £500,000 to small and medium sized businesses with the potential for high growth, ability to create new jobs and demonstrate innovation within their sector/business.  Businesses from the Ashford, Canterbury, Dartford, Dover, Gravesham, Maidstone, Medway, Sevenoaks, Shepway, Swale, Thanet, Tonbridge & Malling and Tunbridge Wells local authority areas are invited to apply.    Loans can be used to develop new or expand existing innovative products, services or processes, will lead to new jobs, deliver innovation and business growth. 

Further information, see the Guidance Notes and access to the on-line Pre-Application.

RDPE Growth Fund

The Department for the Environment, Food & Rural Affairs (DEFRA) has announced that the next round of the Rural Development Programme for England (RDPE) Growth Programme, is now open for bids.

Rural and farm businesses can now put their case for funding for projects which will help new businesses get off the ground, support existing one to grow, develop new products and access new export markets.

Details on how to bid for RDPE funding, which comes under the European Agricultural Fund for Rural Development (EAFRD) Growth Programme, itself part of the European Structural and Investment Funds programmes (ESIF), can be found at: www.gov.uk/government/publications/rdpe-growth-programme.

 

Discovery Park Technology Investment Fund

NCL Innovation, the UK’s leading early stage technology investor, has set up the Discovery Park Technology Investment Fund, which will help cutting edge science and technology firms to get their products or treatments to market.

The new £5m equity funding scheme is managed by NCL and supported by Kent County Council and the Regional Growth Fund with the companies supported by the scheme given the investment and backing they need to become a commercial success.

NCL Innovation has a strong track record in working with science and technology pioneers to bring new products and treatments to market.  They add value by providing access to capital, commercial and technical networks.  Read the case study to find out how they helped FutureNova bring an innovative new product to the NHS. 

For more details, contact NCL Innovation