Access to finance support will be delivered across the region and will be offered in methods such as a grant programme, one to many support and one to one support.
The Grant programme will be administered and delivered by BHCC under this strand in line with the grant programme for the whole project.
The programme will distribute £428k.
The grant will be revenue or capital based and will be linked to productivity improvements and/or growth in the business, through turnover and job creation and based on a diagnostic review.
The grant will work on a 30% contribution from the ERDF and 70% private contribution to each project from the SME and will generate the £1m of match from the SME projects.
The delivery programme will include a series of ‘one to many’ workshops that will help to ensure that businesses can understand their finances and the marketplace in order to be investment ready and to be able to apply for funds.
WSX will also be offering workshops that will help SMEs to understand what they need to do to raise finance and understand what funding is available to them.
These workshops will be followed up with appropriate ‘one to one’ guidance and coaching to support their business planning, and finance applications.
The ‘one to one’ support will not be used to create applications directly for beneficiaries.
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The strand will be delivered across the Coast to Capital Region with workshop and ‘one to one’ delivery focused in the following areas: Dorking / Leatherhead – covering, Epsom, Coulsdon, Caterham, Tadworth, Ashtead, Leatherhead, Reigate, Redhill. Crawley – covering Crawley, Gatwick, East Grinstead, Horsham, Haywards Heath, Southwater, Billingshurst. Brighton – covering Brighton and Hove, Newhaven, Shoreham, Worthing. Chichester – covering Bognor Regis, Littlehampton, Pulborough.
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