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Funding Available for Innovative Dartford-Based Businesses

Last Updated: 01 Dec 2017 4:20pm

Businesses in Dartford can apply for the Innovation Investment Loan Fund (i3) from Thursday 30th November 2017, until 12 noon on the 14th December 2017.  

The Innovation Investment Loan is supported by the South East Local Enterprise Partnership’s Local Growth Fund, and aims to deliver £1.9m of loans to local businesses in 2017/18.

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. Loans can be used to develop new or expand existing innovative products, services or processes, leading to new jobs whilst delivering innovation and business growth.

Dartford Borough Council Lead Member for Business Councillor Avtar Sandhu MBE said, “The Loan Fund provides our local businesses with a great opportunity to grow and be rewarded for creating jobs and demonstrating innovation. A successful application could really go a long way to shaping the future for a bright Dartford firm.”

In order to qualify for the Innovation Investment Loan Fund you must be a sole trader, partnership, limited company or not for profit business seeking a loan between £100,000 and £500,000, with less than 250 staff and be providing employment (either creating or safeguarding jobs) in the designated areas.

To submit your pre-application from the 30th November 2017 please visit business-innovation-loans
For more information regarding the Innovation Investment Loan Fund please contact Susan Berdo on 03000 417024 / 07921 037734 or at InnovationLoan

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