Saturday, April 20, 2024

TIGER scheme sees investment burning brightly in Thurrock

THURROCK Council has been working with its partners across the Thames in Kent to bring new jobs and investment into the area.

That was the message from the launch of the TIGER – Thames Gateway Innovation, Growth and Enterprise – scheme in Thurrock on Friday (22 March).

The scheme – one of 130 nationally to receive money from the government’s £2.4 billion Regional Growth Fund – will offer low-interest loans to businesses investing in new products and services, and creating long-term job opportunities.

Cllr John Kent, Thurrock Council Leader, said: “The aim behind this funding is to use it to attract further investment from the private sector.

“Initially it will be aimed at media, ICT, manufacturing, new-tech development, environmental and low-carbon businesses groups.

“Getting the government backing in October was really good news – but this is where the story really starts.

“Investing in businesses in Thurrock and just across the river will mean jobs, it will mean growth and it will mean real opportunities for the whole area which will benefit enormously.”

He added: “Thurrock has £4.3 million to spend, money that should help kick-start new businesses and then – as it is repaid – be used again to help create even more jobs.”

Over 70 businesses were at the High House Production Park launch and Access to Finance event which was opened by Cllr Kent.

Jacqui Ward, programme manager for TIGER, provided details about the programme, including eligibility criteria, the products available and how to apply.


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