The Kent and Medway Business Fund (KMBF) Now Open

Kent and Medway Business Fund (KMBF)

The Kent and Medway Business Fund (KMBF) is now open!

This scheme is funded by recycled loan repayments from the former Regional Growth Fund schemes (Expansion East Kent, Tiger and Escalate) and aims to deliver investment to businesses across Kent and Medway.

The scheme primarily offers 0% loans between £50,000 and £500,000 to small and medium sized businesses with the potential to create new jobs and growth within the Ashford, Canterbury, Dartford, Dover, Gravesham, Maidstone, Medway, Sevenoaks, Shepway, Swale, Thanet, Tonbridge & Malling and Tunbridge Wells local authority areas.

You can apply for the 0% loan if you:

  • Are a sole trader, partnership, limited company or a not-for-profit business
  • Are located or seeking to locate in Ashford, Canterbury, Dartford, Dover, Gravesham, Maidstone, Medway, Sevenoaks, Shepway, Swale, Thanet, Tonbridge and Malling, and Tunbridge Wells
  • Are seeking a loan between £50,000 and £500,000
  • Are creating or safeguarding jobs
  • Currently have fewer than 250 employees
  • Are developing or expanding products, services, or processes that will lead to new jobs, deliver business growth and improve productivity
  • Can provide security or personal guarantees as required – when security is required it will need to be provided for at least a value equal to the loan capital and administrative charges over the term of the loan

If you have any questions, please contact us at the Kent and Medway Growth Hub at business@kentandmedwaygrowthhub.org.uk or telephone 01233 225447.

For more details and information click here