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:
Business Growth Fund
The Business Growth Fund provides annual funding of £1.3m to support job creation. The fund provides grants and loans for growing companies and is for capital investment only.
The Business Growth Fund is available to micro, small and medium (SME) businesses (under 250 employees) and start-ups.
Upgrading Empty Commercial Property Fund
The Upgrading Empty Commercial Property Fund is aimed at companies that are planning to refurbish, upgrade or convert empty or underused commercial premises.
Business Incubator Fund
The Business Incubator Fund supports the creation (new build or conversion) of a minimum of three Business Incubation Centres.