Business Latest News Sussex

£2m ‘Business Boost’ to East Sussex economy

COMPANIES in East Sussex can benefit from a new business support service and grants programme under a £2 million scheme aimed at boosting the county’s economy.

South East Business Boost will offer grants of between £1,000 and £10,000 to existing small and medium sized businesses and start-ups for capital projects to help them grow and expand operations.

The scheme will also see an expansion of the successful business support programme, which offers advice and support to local businesses and entrepreneurs, run by the local Growth Hub Business East Sussex.

East Sussex is one of six south east authorities to benefit from the scheme, funded by the EU’s European Regional Development Fund.

Cllr Rupert Simmons, East Sussex County Council lead member for economy, said: “It’s vital we ensure businesses in the county have all the support they need to grow and develop.

“The grants available through this scheme could be put towards a wide range of capital purchases, from improving commercial premises to buying new machinery, plant, equipment or technology.

“This funding will also enable the expansion of Business East Sussex, which has been providing invaluable support to businesses since 2015.

“It will allow access to more support across the county including village hubs to help the many businesses and entrepreneurs in the rural parts of the county access business support more locally.