Home  >  How can we help?  >  News

Home  >  News  >  More companies to benefit from Business Growth Grants scheme

More companies to benefit from Business Growth Grants scheme
25th February 2014

Businesses are set to benefit from grants of up to £100,000 thanks to additional funding secured for the area by the Coast to Capital Local Enterprise Partnership (LEP) and the Greater Brighton City Region.

Small to medium sized businesses (SMEs) looking to expand can apply for a Business Growth Grant, worth from £5,000 to £100,000. To qualify, they must be creating jobs and have funding to pay for 75% or 80% of the expansion project. They also have to be based in West Sussex (including Horsham and Crawley), Brighton and Hove, Lewes, the Gatwick Diamond, Croydon or East Surrey (including Epsom and Ewell, Reigate and Banstead, Mole Valley and Tandridge).

The grants are designed to help businesses that have great growth plans but need some funding to help unlock their projects. Businesses will be offered free support to help with their application and applicants have access to a range of subsidised services to assist with their growth ambitions.

Three companies have already been awarded grants totalling £69,000, attracting a further £100,000 of private sector investment and generating almost 20 private sector jobs.

Applications are particularly welcomed from high-growth, high-innovation, and/ or low carbon and environmental technology SMEs wishing to expand and diversify. Businesses in other sectors and those projecting modest growth are also being encouraged to apply.

Applications have to show how the jobs created are new and do not merely displace those in similar businesses. Retail and hospitality businesses in particular will have to show a strong case for how their proposal is significantly different to anything else in the market.

Regional Growth Fund Programme Manager for the scheme, Hayley Shepherd, explains: "Eligible businesses will need to demonstrate how the grant will lead to new jobs and growth. It may be spent on a wide range of business activities including research and development, product/ service development, skills development, breaking into new markets, plant and equipment, business premises and other capital items."

An additional £930,000 has been earmarked for the Business Growth Grant scheme. The money was awarded to the Greater Brighton City Region as part of their successful £1.79 million Regional Growth Fund programme which includes a range of business support across the Coast to Capital area, linking businesses to expertise in Universities and specialist organisations experienced in helping to drive growth.

The Business Growth Grant scheme is supported by the Government's Regional Growth Fund.
Interested businesses are invited to complete the short expression of interest form, which can be downloaded from http://www.coast2capital.org.uk/regional-growth-fund, as the first step of the application process.

Return to news menu

"It’s a great place to live, there is a good community spirit, there is a lot of wide ranging business support and a good range of skills available to us. We’ve got this great environment that’s a sensible distance to London.”

Andrew Swaine - Group Risk Manager - Ricardo

It’s Time to Change for West Sussex businesses

Employers in the county are being challenged to change attitudes and behaviours around mental health in workplaces – by signing up to an employer pledge.

Read full story

£3.66 million LEP funding boost for former Novartis site

Coast to Capital Local Enterprise Partnership (LEP) has awarded £3.66 million to West Sussex County Council towards the purchase of the former Novartis site in Horsham.

Read full story

West Sussex County Council acquire the former Novartis site

A pioneering project from West Sussex County Council to develop a disused site has taken a significant step forward.

Read full story

Coast to Capital Grant Funding Now Open!

Coast to Capital Local Enterprise Partnership in partnership with West Sussex County Council have now launched its Business Grants programme and is looking for small and medium sized businesses that are looking to expand and create new jobs

Read full story

New Rolls-Royce centre on track for launch

Rolls-Royce Motor Cars' new technology and logistics centre in West Sussex is on track for a successful launch in early 2016, the luxury car maker has confirmed.

Read full story

Coast to Capital LEP’s Business Growth Grants lead to hundreds of new jobs

More than 300 new jobs will be created from the grants awarded by the Coast to Capital Business Growth Grant scheme throughout 2014.

Read full story

Business advice on offer at Littlehampton Library

Staff from West Sussex Libraries’ Business Information Service will be at Littlehampton Library on Tuesday 3 February 2015 to demonstrate the services they are able to offer.

Read full story

Investment opportunity brought back to market

The opportunity to develop a café on Shoreham Beach Green is being advertised by Adur District Council.

Read full story

Calling all small business owners!

Horsham Microbiz is A MUST ATTEND event for any small business and anyone about to start a business, with everything you need in one place on one day

Read full story

Council to spur on business owners with cash and advice

BUSINESS owners can look forward to loans and strategy assistance thanks to Chichester District Council’s (CDC) new plans to boost the economy.

Read full story



This website may use cookies to provide an improved experience. You can refuse these cookies by changing your browser settings.
To remove this message, click here to accept cookies.