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Funding future growth in Folkestone

Funding for businesses in east and central Folkestone looking for help to purchase new machinery or equipment is now available.

FCW August 2020

Businesses employing fewer than 250 people are invited to apply for the latest round of match-funded grants offered through the Folkestone Community Works programme, which is managed by Folkestone & Hythe District Council (F&HDC).

The new grant funding could be used to:

◼️ Duplicate equipment to enable workers to keep two metres apart

◼️ Adapt to new trading methods

◼️ Introduce new products or processes

◼️ Expand production capacity

◼️ Increase efficiency

Up to £7,500 can be awarded to businesses to improve productivity and create jobs - with former beneficiaries including a hairdresser, an art studio, a bakery, a laundrette and an engineering company.

Cllr David Wimble, F&HDC Cabinet Member for the District Economy, said: "The Folkestone Community Works programme is a champion for the area it supports.

"A key element is getting more and more local people back into work and, for that, we need successful and ambitious local businesses. This latest call will help develop projects and plans needing capital costs to become reality.

"Our officers will always do their best to guide applicants through the process - because successful projects are beneficial for the individual business and the area as a whole.

Information is being sent to hundreds of local businesses in the Broadmead, East Folkestone, Central and Harbour wards to encourage people to find out more.

F&HDC was allocated £2.5m of funding by the government in January 2018 from the European Regional Development Fund and the European Social Fund.

The programme is overseen by the council but a Local Action Group (LAG) - made up of local business and community leaders - looks at all projects put forward and recommends those that should be funded.

For more information, visit www.folkestonecommunityworks.com

Folkestone Community Works

European Structural and Investment Funds

The project is receiving up to £2.5 million of funding from the England European Structural and Investment Funds Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government and the Department for Work and Pensions (and in London the intermediate body Greater London Authority) are the Managing Authorities for European Regional Development Fund and European Social Fund funding through the Growth Programme, funds established by the European Union to help local areas stimulate their economic development. By investing in projects the funds will help to support innovation, businesses, skills and employment to improve local growth and create jobs. For more information visit https://www.gov.uk/european-growth-funding.

Date published: 12 August 2020

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