Business News

Coast to Capital announces new £2.1 million grant scheme for businesses

September 2, 2020

Coast to Capital, which provides leadership, investment and business support, has announced a new £2.1 million grant scheme, Business Recovery Grants, to provide businesses in West Sussex, Brighton & Hove, East Surrey, Croydon or Lewes District with funding of between £10,000 and £170,000 (for projects of £20,000 to £340,000).

The programme will provide up to 50% of an expansion project for organisations that can demonstrate a clear link to Covid-19 recovery and growth. In addition, Coast to Capital is looking for businesses to set out plans for job creation and job retention to improve the unemployment rate in the local area.

Applicants from all sectors are eligible to apply for this funding, but Coast to Capital is prioritising applicants from the following sectors:

  • Hospitality
  • Travel &Tourism
  • Sports & Leisure
  • Entertainment & Arts
  • Food & Drink
  • Retail & Wholesale
  • Aviation & Supply Chain
  • Advanced Engineering & Manufacturing
  • Horticulture & Viticulture
  • Health & Life Sciences

Jonathan Sharrock, Chief Executive at Coast to Capital, said: ‘We recognise that as a result of the pandemic, many businesses are still in need of support as we look towards economic recovery. I am pleased that we are able provide some relief via our Business Recovery Grants and look forward to seeing proposals from the diverse range of organisations across our area.’

To find out more about the application criteria and how to apply, CLICK HERE