Decision:
As Cabinet Member
for Economic Development, I agree to:
Delegate the
authority to the Director of Economic Development to enter into
relevant contracts, legal agreements and put appropriate
arrangements in place required to implement this decision:
-
Allowing Kent, Medway and Thurrock Companies to access grants,
loans or equity investments from the Kent and Medway Business Fund
(KMBF) until the 31 March 2023.
-
That these grants, loans, and equity investments will be financed
from recycled loan and equity repayments previously obtained from
companies that received funds via the former RGF and KMBF
programmes.
-
These investments shall be subject to the same rules, criteria and
management/administrative charges as investments that have been
allocated under the existing KMBF scheme.