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.
"The BHBPA is an energetic and vocal organisation that connects and empowers and informs the local business community acting as an effective conduit to local authority and other organisations. We are proud to be part of that community and the association."
"“I can’t speak highly enough of the BHBPA. As a small local business we feel very much part of a community and thoroughly enjoy the annual exhibition and meetings throughout the year. Over the years we have built fantastic working relationships with many BHBPA members and every meeting and event offers us opportunities to work with more. This is networking at its best! ” "
""BHBPA is a really well organised and run group, great for networking and benefitting from knowledgeable local speakers with real business insight. Peter brings enthusiasm and humour which helps drive the association forward. I am glad to be part of it.""
"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. "