Financial Assistance
East Sussex is an opportunity area and has attracted significant
enterprise funding from local government, the regional development agency
(SEEDA/Finance South East) and Central Government. The delivery structures
are now changing and, with the austerity measures, some grants and assistance
packages have been discontinued. Until the new landscape becomes clearer,
a limited number of schemes are shown here.
Latest Funding News download from East Sussex County Council
Please find below the link to the latest edition of Funding News:
http://www.eastsussex.gov.uk/community/funding/updates/
Assistance may be available for the following
districts:
Important Notice
This document provides information on an indicative basis as
a guide to some of the financial assistance which may be available to
businesses in East Sussex. The availability of such assistance is dependent
upon meeting stipulated eligibility criteria, and this may be changed
periodically inline with the restructuring of a scheme, and on there being
sufficient uncommitted funds. Locate East Sussex cannot be held responsible
for the accuracy of the information provided or for any omissions.
Capitalise Business Support
Capitalise Business Support provides loans and advice to start-up and
established businesses that have a proposal that works but who cannot
raise any or enough finance from banks and other mainstream lenders.
It is a not for private profit social enterprise and a subsidiary of Ten
Sixty Six Enterprise Limited, the local enterprise agency for Hastings
and Rother areas in East Sussex, and ultimately part of the Hastings Area
Chamber of Commerce.
We have two schemes available which are currently available in Sussex,
Kent and Surrey;
• Our Enterprise Finance Guarantee (EFG) loan scheme is aimed at assisting
profitable and growing businesses to fund their expansion plans with loans
up to £30,000 with repayment terms tailored to suit the needs of each
business. We are accredited by Capital for Enterprise to offer the EFG
which is a particularly useful facility where other security is not available.
• Our Standard Loan scheme is aimed at working with micro and small sized
enterprises and social enterprises in order to achieve positive social
change and to bring increased prosperity to disadvantaged or under-represented
groups. Typical loan size is around £7,500 over a 2 to 3 year term. Clients
in this scheme have all been unable to obtain funding from traditional
High Street sources
For more information or to contact the Team at Capitalise visit www.capitalise.org
or call 0845 6018326
