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Grant Amounts
There is no automatic entitlement to a grant. In all cases the minimum grant award is £10,000 (e.g. if the grant award is 15% of eligible costs, then eligible expenditure needs to be at least £67,000). All grants are paid in instalments, in arrears, upon achievement of the agreed milestones, skilled job numbers and productivity increase targets.
| Tier 3 areas - covers the entire South East region where only SMEs are eligible to apply | Grant Amount |
| Small Enterprises - less than 50 group employees, turnover or balance sheet €10m | Up to 20% of eligible project costs - maximum grant of £2.5m |
Medium Enterprises - less than 250 group employees, turnover < €50m or balance sheet < €43m |
Up to 10% of eligible project costs - maximum grant of £1.25m |
Tier 2 - Assisted Areas – covers all 23 wards in Thanet and 3 wards in Dover(Eastry, Sandwich & Whitfield) where large corporates and SMEs are eligible to apply |
Grant Amount |
Small Enterprises - less than 50 group employees, turnover or balance sheet < €10m |
Up to 35% of eligible project costs |
Medium Enterprises - less than 250 group employees, turnover < €50m or balance sheet < €43m |
Up to 25% of eligible project costs up to £1.25m |
Large Enterprises – more than 250 group employees, turnover > €50m or balance sheet > €43m |
Up to 15% of eligible project costs |
