New grants launched to help support business recovery

Posted on 03/09/2020

Coast to Capital has announced that a new £2.1 million grant scheme, ‘Business Recovery Grants’ has been launched 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 are 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 are 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

To find out more about the application criteria and how to apply, visit coast2capital.org.uk/business-recovery-grants.

Coast to Capital are currently reviewing their understanding of the full impact of COVID-19 on the local economy and are due to release their findings at the end of summer.

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.”

 

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