Business Finance
THEME: Business Support
AREA: Coast to Capital
Covers the Coast to Capital Area. This project delivers grants to small and medium sized businesses in the Coast to Capital region.
Delivery Body: Coast to Capital
Theme: Business Support
Coast to Capital LGF Allocation: £7.02m
Match Funding Contribution: £3.4m
Project Status: Delivering
Summary of Project
A low rate of business start-ups, innovation and low average growth are factors affecting the Coast to Capital area. A decrease in the availability of business finance has contributed to this. Business Finance is a finance company supporting local enterprises to grow by offering micro grants, business growth grants and other financial support pathways. The Local Growth Fund awarded to this project has helped to support the finance available to local start-ups, entrepreneurs and other small and medium enterprises.
Key Outputs
- 539 new and safeguarded jobs
- 84 enterprises receiving support
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