LOCAL GRANTS & FUNDING AVAILABLE
Small Business Growth Grant
The Small Business Growth Grant is available to local micro businesses of up to 10 employees. Grants of up to £2,500 are available, with a 50% match funding contribution required (exclusive of VAT).
For example, if you want to purchase some equipment that costs £1,500 - a contribution of £750 would be required from your own funds and you can apply for £750 from the grant fund. Any added VAT would not be refunded and is not counted within the project cost.
You must be able to demonstrate how the project will develop your business and what difference it will make.
Payment will be retrospective. Applicants will need to ensure they have total funds available upfront and are in a position to commence the project straight away. Once approved, applicants will also be required to supply relevant paid invoices within 30 days.
The Apprenticeship Grant is available to individual businesses of up to 50 employees. A one off payment of £1,000 per apprentice is available towards the cost of taking on an apprentice. Individual businesses can apply for up to two grants.
Government funded support for business - The Business Hot House
The Business Hothouse support program is run by a consortium of expert delivery partners based in the Coast-to-Capital area, and is funded through the European Regional Development Fund and Local Authorities.
The program offers free expert business knowledge support and access to government grant funding. It is open to pre-start and established businesses and will run until September 2022.
Kick-start Tourism and Restart and Recovery SME Grants
Coast to Capital have launched a pre-application information page to help businesses prepare to apply for a Kick-start Tourism or Restart and Recovery SME grant ahead of the scheme opening on Tuesday 15 September at midday.
The Kickstart Tourism grant is aimed at businesses within the visitor economy with fewer than 250 employees, while the Restart and Renew SME grant is aimed at all other businesses with fewer than 250 employees. Applicants for both must have been impacted by COVID-19 and must satisfy further eligibility criteria. Businesses can apply for grants of between £1000 - £3000 (up to £5000 in exceptional circumstances) toward professional services to help them adapt during the COVID-19 pandemic or to purchase new equipment. 100% of the money will come from government with no obligation for businesses to contribute financially.
Click here to read more about this grant
Coast to Capital Business Recovery Grants
Coast to Capital are are pleased to announce that a new £2.1 million grant scheme, ‘Business Recovery Grants’ has been launched to provide businesses in West Sussex, Brighton & Hove, East Surrey, Croydon, or Lewes District with funding of between £10,000 and £170,000 (for projects of £20,000 to £340,000).
Key details of the scheme:
Click here to read more and to apply