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Medway firms set for share of growth fund

Thu 21 March 2013, 6:37 pm

Businesses in Medway have the chance to take advantage of low-interest loans targeted at driving growth, thanks to a just-launched £20 million scheme.

The Thames Gateway Innovation, Growth and Enterprise scheme - dubbed TIGER - is offering help to businesses investing in new products or services, or creating long-term jobs.

Financed from the government’s £2.4 billion Regional Growth Fund, the scheme aims to spur private sector investment, and is initially targeted at media, ICT, manufacturing, tech development, environmental, and low-carbon businesses.

Councillor Jane Chitty, Medway’s strategic development and economic growth lead, said the fund -  launched this week - offered a real opportunity for successful businesses looking to relocate to North Kent or for existing local firms to expand their operations.

“It has the potential to provide the kind of investment needed to create more skilled jobs; jobs that will play such a vital role in growing the local economy and its wider regeneration,” she said.

The scheme is being operated by Thames Gateway Kent Partnership, which includes Medway Council, Gravesham Borough Council, Swale Borough Council, Dartford Borough Council, Thurrock Council and Kent County Council.

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