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Published byDario Surles Modified over 10 years ago
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Presentation to the East Sussex Assembly Graham Marley Chief Executive
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Not for private profit Established over 25 years Turnover £1.1m 28 staff 200+ volunteer mentors Provision of business advice, training exhibitions and finance
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Delivery of New Enterprise Allowance Lets Do Business Finance Start Up Loans Business start up workshops (Hastings and Eastbourne); Leap in Lewes Exhibitions (Eastbourne and Hastings) Business Training and Apprenticeships
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Locate East Sussex Partner ESCC with an RGF 4 bid Town Centre Management (Hastings) Hastings Area Chamber of Commerce Working with schools
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JSA claimants from day 1 (up until Work Programme) Induction Workshops Mentoring Loan (£2500 at 6.2%APR over 3 years) Ongoing mentoring Helpline
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Programme started 8 th August 2011 Rolling programme Number of referrals (744) Number of programme starts (499) Business Starts confirmed (238) 6 Month+ trading confirmed (98) Continues until December 2014
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Capitalise Business Support Up to £2.1m RGF funds available Loans up to £50k Typically at 12% over max of 7 years Can provide start up finance (typically 19%)
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Up to £10k 6.2% APR Max term 5 years (usually 3) Clients receive mentoring support Helpline Access to global partners Programme started Loans agreed
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Inward Investment into the county Existing businesses looking to expand New commercial developments Marketing the County Regional Growth Fund
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