We recognise that when businesses are seeking funding, making an informed choice is vital. There are a range of grants and funding streams available that can assist with the financial implications of starting up a business, growing a business idea, financial help for existing businesses and funding for research and development work.
East Sussex Invest 5 (ESI 5) – Business Growth Funding
- Grants from £15k to £40k – require minimum match funding of 60%
- Loans from £10k to £200k – require minimum match funding of 50% and have an arrangement fee of £500 which may be added to the loan on request.
- 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.
The Stalled Sites Fund
The Stalled Sites Fund (previously Catalysing Stalled Sites, CaSS) is open to applications which will be considered quarterly at the beginning of June, September, December and March. When the remaining funds of £600k are exhausted the fund will close.
The fund is an East Sussex County Council one off capital fund designed to:
1. Help finance feasibility studies and business case development, to support schemes that are not viable without public support, to enable them to apply for public funding e.g. Local Growth Fund.
2. Unlock stalled employment and housing sites that have site specific reasons for remaining undeveloped with loan or equity share finance.
For more information please visit the East Sussex County Council website
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
Locate East Sussex Grants and Loans
Locate East Sussex can help businesses seeking to launch or expand their current base or relocate to or within the county and will provide impartial advice on issues including business location, available sources of funding and how best to access a trained and skilled work force.
The Start-Up Loans Company is a Government funded initiative that provides start up support in the form of a repayable loan together with a business mentor for entrepreneurs across England and Northern Ireland.
The Start-Up Loans programme was created within The Department for Business, Innovation and Skills. It was designed to go some way to help solve the problem of supporting people who have a feasible business idea but no access to finance. With a view to providing a robust SME sector, it aims to equip enterprising individuals with the tools needed to make their businesses a success. The Start-Up Loans Company operates through a network of delivery partners across the country, who support entrepreneurs in all industries and sectors. Let’s Do Business Group is a delivery partner providing advice and support to Wealden businesses. For more information also visit: Lets Do Business Group (external link)
Wealden and Rother Rural Partnership (WARR Partnership) LEADER programme 2015-20
LEADER funding in some areas is either fully committed or close to being fully committed, and the Wealden and Rother Rural Partnership is one such area. For further information email: Don Cranfield, Programme Manager email@example.com or telephone 01273 892031.
Keep up-to-date with funding opportunities via the monthly funding bulletin (external link) from East Sussex County Council.
More Business Finance Advice
A number of business agencies and organisations can provide further business finance information; some are listed below:
- For start-up loans, business growth loans, business grants, financial advice, and financial FAQs.
- A not-for-profit enterprise agency providing confidential and impartial business advice.
If you are between 18 and 30 years of age with a business start-up idea, you could benefit from support via The Prince’s Trust Enterprise Programme which can provide support to apply for a low interest loan of up to £4,000 for a sole trader and up to £5,000 for a partnership to help start a business. Please note business start-up funds are dependent upon funding available within the region.East Sussex