Dear business owners and managers,
Councillor Vic Ient
Capital Funding for Businesses and Social Enterprises
Small and Medium-sized businesses including Social Enterprises who earn at least half most of their income through trading can apply for two local funds.
The ‘South East Business Boost‘, an EU European Regional Development Fund programme can fund up to 30% of a capital project from new equipment and machinery to new technology and processes if it helps grow the enterprise. Maximum grants are for between £1,000 and £10,000 and require 70% match funding from the recipient organisation.
Applications to South East Business Boost can be made anytime, up until June 2019.
For more information and to apply: www.businesseastsussex.org.uk/south-east-business-boost/
East Sussex Invest 5 is also available if you require more funding for capital items that will result in job growth within the next 12 months.
- Grants from £15,000 to £40,000 – require minimum match funding of 60%
- Loans from £10,000 to £200,000 – require minimum match funding of 50%
- There is an additional grant of £1,500 for a new accredited apprentice position.
There is a total of £900,000 available for loans and £300,000 for grants per financial year until 2020.
For more information and to apply: www.eastsussex.gov.uk/business/developing/finance/grants/