£20million boost for jobs in north Kent
Gateway is being given a cash boost
by business editor Trevor Sturgess
Businesses in the Thames Gateway are to receive a £20million
boost for jobs and growth.
The Government has backed a new package of funding for new
investment and jobs across North Kent and Thurrock.
TIGER – Thames Gateway Innovation, Growth and Enterprise – is
one of 130 schemes nationally to receive money from the
Government’s £2.4 billion Regional Growth Fund (RGF).
The latest handout follows a £35m RGF handout for expanding
firms in East Kent. The announcement comes just days after London
Resort Company Holdings unveiled plans for a £2bn Paramount theme
park on Swanscombe Peninsula creating 27,000 jobs.
TIGER will offer low-interest loans to businesses investing in
new products and services that will create long-term job
opportunities. The aim is to unlock additional private sector
The news is a coup for the business-backed Thames Gateway Kent
Partnership which made the bid.Partnership chairman Rob Bennett
said: “Government backing for TIGER is a huge vote of confidence in
the Thames Gateway – one of the UK’s most important economic growth
areas. Coming on top of recent investment in transport and
infrastructure, it’s another reason why the Gateway is a great
place to set up and grow a business”
Paul Carter, leader of Kent County Council, said: “TIGER is a
great opportunity for businesses with the appetite for investment
and growth. Business will be the backbone of North Kent’s
economic recovery – and TIGER will help to unlock its
Rodney Chambers, Medway council leader, said: “This is a
significant endorsement from the Government of our approach to
regeneration and it clearly shows we continue to be a place where
businesses are welcome and can grow with confidence.
“We look forward to working across North Kent, and with
colleagues in Thurrock, to help as many local businesses as
possible benefit from this funding so that it creates more local
jobs in the shortest possible time.”
The TIGER scheme expected to be up and running by next