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.
"“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.""
"“Sutton Winson have been members of the BHBPA for around 7 years. We have found it a great way to keep in touch with Burgess Hill businesses and to meet with likeminded people. It’s not just another “networking” group, as it tackles the real issues and gets things done”"
"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."
"The BHBPA is the most effective and dynamic business organisation I have ever worked with in over 30 years in Local Government. It has a very active and large membership whose points of view are taken seriously by all government structures. Peter Liddell does an excellent job in providing unique and enjoyable networking opportunities where members interact and discuss points of mutual interest. It provides a forum for businesses to discuss common issues, to share experiences and to play a powerful and meaningful role in the Burgess Hill community. The BHBPA provides important and credible support for all its members and ensures that their best interests are represented where necessary. "