I was interested to read about the Conservatives’ last ditch attempt to get the Eastbourne Borough Council budget to include an allocation of £1m to support new businesses with grants and loans. This is a very laudable attempt to support the Eastbourne economy, however, there is already a range of support available to help budding entrepreneurs.
In the last 12 months the Let’s Do Business Group has helped 22 businesses to start up by lending £106,000 through the Government backed Start Up Loan scheme.
The scheme provides people with advice and support to help them get their business plans in place, loan finance at 6.1% APR (far better than you can expect from a bank), and provides a business mentor to help the new business during the first 12 months.
Both the Let’s Do Business Group and EDEAL also provide free advice and one day start up workshops to help people with their ideas.
In addition, Locate East Sussex, which is in part funded by the Borough Council, can help people find new premises for their business.
Eastbourne is a great place to do business and there is already a lot of support available to help new businesses start up.
Chief Executive, The Let’s Do Business Group