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.
"As MP for Mid Sussex I believe passionately in the importance of a vibrant local business community in order to create and sustain fantastic opportunities that enable people to meet their responsibilities, prosper and fulfil their potential. I am committed to collaborating with BHBPA and others to be an effective collective voice for Burgess Hill."
"The BHBPA is a fantastic hub for our business community to get together and catch up, discuss important local issues and connect new and interesting enterprises."
"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."
"As the local hospice for the area, it’s great that we receive so much support from the BHBPA. Last year the members raised an amazing £2150 through activities such as Bake Off and the BHBiz Awards. Each well planned members meeting enables good networking opportunities and speakers that are relevant to the present climate and local issues. We are proud to be members of BHBPA."