Launch of Innovation Investment Loan Fund (i3)
The next round of funding from the Innovation Investment Loan Fund (i3) opens for pre-applications from Friday, 25 August 2017 (closing at 12 noon on 11 September 2017).
The scheme offers 0% loans of between £100,000 and £500,000 to small and medium sized businesses (less than 250 employees) with the potential for high growth. Loans can be used to develop new, or expand existing innovative products, services or processes, create new jobs, or deliver innovation and business growth.
Priority sectors for the Fund include, manufacturing, low carbon technology, pharmaceuticals & life sciences, ICT software development and information management, media, creative and cultural industries; marine ports and logistics, and technological development.
The Innovation Investment Loan is supported by the South East Local Enterprise Partnership’s Local Growth Fund.
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.
For further information, see the applicant’s Guidance Notes and access to the on-line Pre-Application.
Posted on 17/08/2017