Selective Finance for Investment in England (SFIE) Grant Scheme 2007-2013
SFIE grants are available to businesses which serve (or plan to serve) more than a local market, and are looking to invest in capital expenditure to increase productivity, expand the business and create skilled jobs.
The grants are discretionary; there is no automatic entitlement. The aim of the awards is to help businesses invest in capital equipment and technology to expand, modernise or diversify to obtain gains in productivity, sustainable growing businesses and skilled jobs. Amount of grant depends upon company size and location, project quality, eligible project expenditure, number of jobs created or safeguarded, job skill levels.
SFIE is available to:
- Small and Medium-sized enterprises (SMEs) throughout the South East region from 1st Sept 08;
- Large enterprises and SMEs in Tier 2 areas, which include all 23 wards of Thanet and 3 wards in Dover (Eastry, Sandwich and Whitfield).
The grant is available in three tiers, tiers 2 and 3 are available to South East companies. The Tier 3 areas in the South East, which previously covered parts of
Oxford, Kent and the South Coast, have been expanded from 1st September 2008 to include the entire South East region. SMEs located anywhere in the SEEDA region may be eligible to apply for SFIE grants.
Stronger cases for SFIE grant support may include:
- Substantial investment in equipment and technology;
- Foreign Direct Investment (FDI);
- Exporting;
- Environmental benefits;
- Diversification into new products/services or into new markets;
- Securing skilled jobs;
- Regeneration effects.
Business Link representatives across the region are being trained in the SFIE grant scheme. Should you wish to be included in any training register your interest by email to businessgrants@seeda.co.uk.
Send this story to a colleague
