business matters advertorial
october/november december/january february/march 2019 business edge
Take your company to another level through the Coast to Capital Growth Grant Programme 2019-2020 Designed to stimulate capital investment to help businesses innovate and improve productivity, successfully applying for a Coast to Capital Growth Grant could make your business fly. This is particularly relevant at this time with many businesses being cautious about expanding their operation in the build up to Brexit on 31 October 2019 and the following months. £3.5m of funding is available to apply for now to fund capital projects between £40k and £170k. These are match-funded grants with the split of funding up to 40% grant and the remainder funded by you. You’ll need to be able to fund your project short-term as the grants are paid following monitoring and return of the claim document. Growth Grants can be used to introduce innovations demonstrating a clear boost to productivity, profits and business growth. You must evidence exhaustion of all other funding channels including your bank.
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and well-connected region. Since 2012, we’ve invested over £300m of public money in making our local economy ready for the future. We believe in this region and we know that, working together, there’s nothing we can’t achieve.
How we helped one company GB Electronics is a successful design and manufacturing company using cutting-edge technology. After a major acquisition, there was little capital left but they needed to improve productivity and production.
If you are an established and growing SME based in the Coast to Capital area, you could be eligible, particularly companies within our growth sectors (excluding retail and wholesale).
Mark Bullen, GBE’s Managing Director, approached Coast to Capital Growth Hub. We sent one of our Account Managers to work with Mark, using our dynamic diagnostic mapping tool on the business.
As one of 38 Local Enterprise Partnerships across England, we provide strategic leadership, driving economic growth and sustainable success of our beautiful, vibrant,
“It was like having an expert non-executive director asking us searching questions, making us find answers and justify them.
www.sussexchamberofcommerce.co.uk
We were challenged on assumptions about our business and given vital feedback,” said Mark Bullen. “Because of Coast to Capital we completed our productivity plan three years ahead of schedule, created new jobs and hope to exceed our growth target of a 40% increase in turnover within three years. I recommend you look into this fantastic opportunity right now!” If you need to bridge a funding gap, bring forward or enable an innovative project, this could be for you. For more information and to see if you’re eligible, see www.coast2capital.org.uk/growth-grant or call 01293 305965.
tel: 01444 259 259