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Now open: Coast to Capital Backing Business Grants
31st March 2020

The Coast to Capital Backing Business Grants is a £2 million fund that has been set up to provide grants to small businesses and social enterprises in our area who have been affected by COVID-19.

Applications now open.

 

If you are a business or social enterprise based in West Sussex, Brighton & Hove, or East Surrey (Epsom and Ewell, Mole Valley, Reigate and Banstead, Tandridge) with 5-50 FTE (full time equivalent) workforce who has been trading for over 2 years and have an annual turnover of under £10m, you can apply for a grant of £5,000-£25,000 to fund specific measures to help you to adapt, evolve and innovate to the various economic impacts brought about by the pandemic.

 

Applicants must use the grant to implement one or more of the following measures:

 

  • Adapt their operations to remote working. This might include acquisition of computer hardware or software or other physical measures to support the separation of staff and deliver sustained operations;
  • Evolve their business model to boost and retain cash-flow. This might include firms which are no longer able to sell directly to customers and need to add new delivery or marketing functions;
  • Innovate their business model to meet the new demands of consumers during the COVID-19 scenario.

 

The grant is available for all sectors, however Coast to Capital will be particularly interested to receive applications from businesses working in the sectors in which our economy has been particularly impacted by recent economic events (i.e. aviation and aviation supply chain, tourism, hospitality and leisure and the service economy).

 

To find out more about the grant critieria, and how to apply, visit the Coast to Capital website

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