Companies in East Sussex are being offered help to grow and create new jobs through a new funding scheme delivered by Locate East Sussex that is backed by East Sussex County Council.
This is the latest phase of a programme of business support that has already paid out around £4.5 million in grants and loans over the past three years.
The scheme is funded by East Sussex County Council and by loan repayments from previous funding rounds, which were backed by the Government’s Regional Growth Fund, and administered by business support service Locate East Sussex.
The grants and loans for business are as follows:
East Sussex Invest 4 (ESI4)
Business Growth Funding
East Sussex Invest 4 (ESI 4) is a £1.3m annual fund focusing on business growth and job creation through grants and loans to businesses for capital investment. The fund is divided into £300k grants and £1m loans delivered in partnership with Locate East Sussex www.locateeastsussex.org.uk
There is an additional apprenticeship grant of £1.5k for a new, accredited apprentice position which can be claimed after the position has been filled for 6 months. This is a one off payment with no match or evidence of spend required. One per business allowed.
Locate East Sussex are the first point of call for this funding – take a look here for more information – http://www.locateeastsussex.org.uk/funding.aspx
Catalysing Stalled Sites fund (CaSS)
CaSS fund now open for applications (£600k available). See guidance notes (opens new window) (Adobe PDF, 76k). EOI forms available from email@example.com
Submission deadline: 25 January 2016
Commercial Property Fund
Capital fund to assist bringing back into use unused commercial property.
All enquiries to Locate East Sussex at: firstname.lastname@example.org
Business Incubator Fund
The Business Incubator Fund supports the creation (new build or conversion) of a minimum of three Business Incubation Centres.