Government funding for East Kent highlights opportunity for Dover

The Port of Dover has welcomed the announcement by the Government that East Kent's bid for a £40 million Regional Growth Fund (RGF) has been successful. Spread across the four districts of Dover, Shepway, Canterbury and Thanet, the fund will support a programme of direct grants for businesses to expand in the area.

The good news comes as the Port of Dover continues to develop its own regeneration plans. With a combined cash and share value of £30 million and an additional £1 million per year in cash for the first five years, the Port of Dover Community Trust (PDCT) will specifically target the Dover community, covering priorities ranging from business start-up support to skills and education.

Bob Goldfield, Chief Executive, Port of Dover, said: "We are delighted that East Kent will be receiving government funding to support its businesses. This complements the significant investment planned for Dover through the PDCT, which will act as a catalyst for regeneration and social and economic improvement."

The establishment of the PDCT is dependent on Government giving the Port the go ahead for its restructuring proposals in order that it is freed from its constraints and can become a driving force in Dover's regeneration.

Mr Goldfield added: "If we can get the PDCT up and running quickly, it may be possible for the two funds to support each other through match funding initiatives which, in turn, will result in the value of Dover's share of the RGF being greatly increased. This could be a win-win for Dover."