Posted on 18th May 2017
Coast to Capital Funding Escalator Expands Offering to Include Short-term Trade Finance
West Sussex businesses now have a further funding stream open to them, thanks to a new loan scheme made available through the Coast to Capital Funding Escalator.
The Coast to Capital Trade Finance Loan Scheme is part of a series of funding initiatives to support high growth companies that can impact positively on the economic prosperity of the Coast to Capital area.
Whilst existing loan and equity schemes available from the Coast to Capital Funding Escalator focus upon medium term finance for investment purposes, this latest addition provides short term funding to overcome issues that may be prohibiting business growth, such as working capital for specific new contracts; short term irregular invoicing patterns; up-front tooling requirements; or performance bonds/guarantees.
The Coast to Capital Funding Escalator is a £5m initiative funded by Coast to Capital LEP. It includes a an expansion loan scheme and a growth equity fund, which provide eligible companies with loans and equity funding between £50,000 and £500,000 for activities that will deliver high-growth and employment opportunities.
"This association was started with a lot of effort from a few local businessmen and has proved to be a very powerful and useful tool for our business. The BHBPA has influence at the top level; when action is needed, the BHBPA gets it done. We are kept in touch with all that is happening on our doorstep and will often act because of what is published in the weekly emails / newsletters."
"If Carlsberg did networking they would do it the BHBPA way. Each event is packed with great ideas, thought provoking presentations and fun. As a small business we feel supported and part of the community. We have built friendships and business relationships and there is always plenty of advice on hand to benefit us all so don’t hesitate to join whatever the nature of your business. "
"“We have been members of BHBPA from its inception, and seen the organisation steadily grow and expand into the dynamic entity it is today, bringing positive benefits to all its members.""
"I am delighted to have a long-standing relationship with the BHBPA. Since its foundation the Association has gone from strength to strength and there is no doubt that it has brought huge benefits to its members and the business community as a whole through the partnerships it has formed with the local authorities, Sussex Police and local organisations. It is paramount that Burgess Hill businesses have an effective collective voice."