Nearly 400 jobs have been created in the county thanks to Locate East Sussex securing £3.5 million in grants and loans for growing business.
The funding comes from the award to East Sussex County Council from the government’s Regional Growth Fund. To date this has been matched by more than £16 million from local companies, representing a total boost of more than £19 million to the county’s economy.
The landmark figure of £3.5 million was reached this week, less than a year after the funding programme was launched by Locate East Sussex, which is financed by a partnership of East Sussex district and borough councils and East Sussex County Council.
For expanding companies or those at the start-up stage in East Sussex, there is still £1 million of support available.
Applications must be made by the end of January at the latest. Grants are available from £3,000 to £160,000 and loans of up to £250,000 for capital projects.
Philip Johnson, director of Locate East Sussex, said, “We’re actively encouraging growing companies that are creating jobs and investing in capital equipment to get in touch with us urgently.
“We can assist with submissions for loan or grant funding and guide applicants through the process. It’s the right time to make investment and we’ll do all we can to help get funding out to support businesses that are growing and creating jobs for the future.”
See locateeastsussex.org.uk/funding.aspx, email email@example.com or phone 01424 205085.