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£20m boost for jobs and investment in North Kent
A TWENTY million pound boost is coming to North Kent after a government grant was issued to a business scheme in the area.
Deputy Prime Minister, Nick Clegg, announced today that Thames Gateway Innovation, Growth and Enterprise (TIGER) would receive the money.
It is part of the government’s £2.4 billion Regional Growth Fund which is aimed at job creation and private sector stimulation.
TIGER will offer low-interest loans to businesses investing in new products and services.
It is hoped this will create jobs and private investment in the area.
Rob Bennett, chairman of Thames Gateway Kent Partnership, 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 potential.”
Rodney Chambers, the Leader of Medway Council, 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."
Thurrock Council Leader, councillor John Kent, said: “Alongside Thurrock’s already exciting regeneration schemes this fund will help unlock economic potentialwith our businesses and help revitalise Thurrock’s economy, securing planned opportunities for our communities and residents.
“We look forward to working with our partners across the River Thames in delivering the programme.
“This is excellent news for businesses across Thurrock, businesses with ideas and ambitions to innovate and grow.”
Leader of Gravesham Borough Council, councillor John Burden, said: “It is a very welcome shot in the arm for local entrepreneurs who, especially following recent regeneration announcements, may be seeking to grow their business and with it local employment opportunities which are urgently needed.”
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