30 Mar Local Enterprise Partnership (Coast to Capital) – Grant Scheme to Help Small Businesses
The Local Enterprise Partnership (LEP) Coast to Capital have announced a new grant scheme to help small businesses in addition to those being offered by Government.
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.
Details of the grants can be found on the LEP’s website here https://www.coast2capital.org.uk/backing-business-grants