News: Funding Available to SMEs

Posted on 31st August 2017

Burgess Hill Business Parks Association

Funding Available to SMEs in the Coast to Capital Area.

If you are an ambitious SME based in the Coast to Capital region with the potential to deliver high growth and employment opportunities, you may be eligible to apply for funding through the Coast to Capital Funding Escalator.

The funding escalator is managed by The FSE Group and includes an Expansion Loan Scheme, Trade Finance Loan Scheme and a Growth Equity Fund, which is able to provide companies with loans and equity funding between £50,000 and £500,000.

Funding is available to businesses based in the Coast to Capital area which includes Reigate and Banstead, Brighton & Hove, Lewes & West Sussex.

The latest company to be supported through the Coast to Capital Funding Escalator was Cloud Spas, who secured funding to allow them to open a new nail bar at Gatwick Airport. The funding escalator can also be used by SMEs to:

  • Support marketing and sales activities
  • Cover the salaries of new staff positions until they pay for themselves
  • Pursue overseas contract opportunities
  • Develop additional products
  • Support larger office running costs
  • Bring key operations in-house
  • Drive export growth
  • Pay for the cost of new equipment

Jon Cornell, Fund Manager at the FSE Group “SMEs are facing uncertain times financially with the Banks not always able to support them. At The FSE Group we are able to provide funding for growing businesses that have been unable to obtain conventional finance. We are keen to help businesses to secure the right finance so they can reach their potential, growing sales and profits.”

For more information about the Coast to Capital Funding Escalator please visit: www.coast2capitalbusinessfunding.co.uk or contact Jon Cornell: jon.cornell@thefsegroup.com or call 07786 912674

 

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