As Cabinet Member for Economic
Development & Special Projects, I agree to:
- APPROVE the improvements and changes
to the loan offer, terms, and eligibility criteria for the Kent
& Medway Business Fund (KMBF), to take effect from 1 April
2026.
- APPROVE the continued governance and
administration arrangements for the KMBF, including the delegation
of authority to the Director of Growth & Communities (and Head
of Economy where appropriate) to approve individual loan and equity
investment decisions in accordance with the Officers’ Scheme
of Delegation
- CONFIRM that the scheme will
continue to operate until March 2032 under the approvals granted by
DLUHC/MHCLG.