Regeneration

European & UK Government funding for Thanet

Thanet's regeneration programme has been funded from a variety of sources. All European and UK Government grants must be match funded by at least 50 percent from other sources. This can be the private, public or voluntary sector and can include direct financial allocations or assistance in kind, such as time involved in managing projects.

Funding from Europe

• Objective 2 - First Programme - 1994-1996
  • Thanet received £11 million from the European Union's European Regional Development and European Social Funds.

• Objective 2 - Second Programme - 1997 - 1999
  • Thanet received an additional £14 million from the European Union's European Regional Development and European Social Funds. (Exact amounts are dependent on prevailing exchange rates.)

• Objective 2 - Third Programme - 2001 - 2006
  • Final documentation will be issued in November 2000 providing £10 million to Thanet within a SE Region programme that will cover Hastings, Sandwich and Thanet. A further £5 million will be made available between 2001 and 2004 for a transitional Thanet programme in the wards that will no longer be covered.

• Interreg 2 - 1995 - 1999
  • £1.85 million from Europe to develop partnerships between Thanet and the Nord Pas de Calais (including Dunkerque). Projects will assist the areas in overcoming their relative isolation within their national economies, whilst promoting the creation and development of international networks of co-operation and can include both tourism and business development issues.

• Pesca £200,000 has been approved to assist people previously in the fishing industry to diversify to address the requirement to meet new European fishing quotas.

Small and Medium Enterprises

European Social Fund programme of around £240,000 to assist indigenous business to expand, remain competitive and undertake training. The programme will be delivered by Business Link Kent.

Funding from the UK Government

• Single Regeneration Budget - Round One - 1995/6-2000/1
• Thanet received £9 million from the UK Government's Single Regeneration Budget.
• Single Regeneration Budget - Round Three - 1997/8-2003/4
• Thanet received an additional £5.69 million from the UK Government's Challenge Fund.
• Single Regeneration Budget - Round Four - 1998/9-2001/2
• Thanet received an additional £758,000 in the Fourth Round of the UK Government's SRB Challenge Fund.
• Single Regeneration Budget - Round Five - 1999/00 - 2003/4
• Thanet received £2.24 million to be focused on Community Economic Development.
• Single Regeneration Budget - Round Six - 2000/1 - 20006/7
• In August 2000, it was announced that Thanet would receive £10 million to provide resources to match-fund the Objective 2, Third Programme.

Regeneration Services

Tel: 01843 577023