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Medway Council encourages innovation
and supports businesses that want to grow and helps those
planning to move to Medway. This page contains some of the funding
available both from the council and outside organisations.
Partners for Growth (PFG)
The PFG scheme was started in 1994 and
was designed to help businesses by providing a package of funding
and free business advice. The PFG loan scheme still runs today and
has helped many of Medway's well established companies. In 2009,
the PFG start-up grant was introduced; a one-off payment to help
Medway residents kick start their business.
- The PFG start-up scheme is available to Medway residents
considering setting up a business. The scheme is operated on the
council's behalf by Kent Invicta Chamber of Commerce and
comprises a business planning workshop, one to one business
advise and for eligible businesses a start-up grant.
- The PFG interest free loan scheme is available to growing
businesses with less than 50 employees and have at least
two years of successful trading. Business Advisors are provided
free of charge to assist with the preparation of a business plan
and the loan application. To discuss your proposal please contact
Economic Development on 01634 338138 or email firstname.lastname@example.org.
Start up loans and Kent Invicta Chamber of Commerce (KICC)
Start Up Loans scheme has partnered with Kent Invicta
Chamber of Commerce to offer business advice and loans for
start-up businesses in Kent.
Since 2012, when the scheme was started,
more than £250 million has been lent to support over 40,000
business ideas in the UK. Key features of the loan are:
- Borrow from £500 to £25,000
- Fixed interest rate of 6% p.a.
- One to five year loan repayment term
- No set up or early repayment fees
- Pre-loan support with business plans and
cash flow forecasts
- 12 months of free mentoring for loan
- Exclusive Business offers
The loan is unsecured, however, as it is a
personal loan, for business use only, each individual applicant is
responsible for the repayments.
To be eligible for the scheme you
- be 18 years of age or older
- have a business that is or will be based in the UK
- be a UK resident
- have the right to work in the UK
- be starting a new business or have been trading for up to 24
Register your interest in the start up loans scheme or find more
information about Kent Invicta Chamber of Commerce and its support
services for Kent.
New business funding scheme 2017
In 2017 businesses in Kent will be able
to get loans and funding from a new scheme.
Information on how to access the funding
will be published in mid January 2017, but businesses can
submit an expression of interest on the Kent County
Council website now.
Grants and government support: