Business Grants
Selective Finance for Investment in England
(SFIE) is a form of financial assistance for Assisted Areas in the
UK and is available in Thanet. It is designed for businesses
looking to make a capital investment but who need financial help to
go ahead.
SFIE Grants
SFIE grants are available across the whole
district to both large corporates and small and medium-sized
enterprises (SME’s). Grants are available to new and existing
businesses looking to invest in capital equipment, expand and
modernise facilities, increase productivity and safeguard and
create skilled jobs. Projects can involve capital expenditure on
fixed assets such as land or property and plant or
machinery.
The amount of support awarded is dependent on
the size of business, eligible project expenditure, location of the
investment, the quality of the project and its impact on
productivity and skills.
European restrictions may apply to certain
sectors or where sectors of the UK market are already fully served
or where support would simply displace or reduce existing jobs in
similar businesses elsewhere.
Grants for Research & Development (R&D)
Grants for Research & Development
(R&D) is a Department for Innovation, Universities and Skills
(DIUS) scheme and replaces the former DTI’s Smart
scheme. It supports SME’s carry out research and
development work on technologically innovative products and
processes, SEEDA is responsible for delivering Grants for R&D
in South East and only SME’s can apply.
The project must involve research and
development on technologically innovative products or processes at
the pre-production stage.
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