Growth Grant Programme Launched

The programme provides grant funding to small and medium sized enterprises (SMEs) and social enterprises in the Coast to Capital area. The funding comes from the Local Growth Fund and aligns with the new strategic economic plan, 'Gatwick 360°'.

 

We are delighted to announce that a grant of £94,000 has been given to Insulated Tools Ltd for helping to purchase a large capacity injection moulding machine and essential equipment to expand their advanced engineering and manufacturing processes.

 

Additionally, a grant of £170,000 was approved for Tenon Engineering Ltd for purchasing a new CNC machine to expand their automation capabilities.

 

We encourage eligible businesses in the Coast to Capital area that want to discuss the potential for grant funding from April 2019 to get in touch with the Growth Hub. More details on the programme and eligibility documents can be found on our website.

Jonathan Sharrock, Coast to Capital Chief Executive said:

 

"We are thrilled to be able to further support our economic area by funding innovative and high growth projects. This programme compliments our already successful Growth Hub service and the new Coast to Capital Escalator Programme."

Mark Wardle, Owner of Insulated Tools Ltd said:

"We are proud to manufacture tools in Great Britain. It's fantastic that Coast to Capital have helped us grow and innovate here in the South East, developing home-grown skills for greater growth. It's this integrated vision that Coast to Capital have worked with us to achieve - they saw the potential in our ability to sell our tools all over the world, and it's becoming a reality!"