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Locate East Sussex has secured a new three-year contract to deliver the county’s inward investment service and expand its support for high-growth, innovative companies.
Funded by the district and borough councils in East Sussex as well as by East Sussex County Council, Locate East Sussex will now benefit from additional support from the European Union. For the next three years, Locate East Sussex will in part be funded by the 2014 to 2020 European Regional Development Fund Programme, as part of a wider South East Invest project that involves Essex County Council.
Councillor Rupert Simmons, Lead Cabinet Member for Economy, said: “We’ve worked with our partners to apply for European (ERDF) funding to enable us to increase the size and scope of our inward investment services. We’re confident this new service will attract more businesses to set up or move to East Sussex and create new jobs by offering a range of relocation and support services.”
Philip Johnson, Director of Locate East Sussex, said: “We are delighted to have been awarded this extended new contract. The Locate East Sussex team will continue to work hard to support business growth and help create jobs in East Sussex, ensuring a thriving local economy that attracts new companies into the County.
“East Sussex is a superb place to do business, with so much to offer from a wide range of affordable commercial property to excellent transport links and an exceptional quality of life.”
Since Locate East Sussex was launched in 2014, over 820 new permanent jobs have been created in the county. Locate East Sussex has delivered some £5.8million in grants and loans from East Sussex County Council to growing businesses in the County through an associated business support programme. This financial support has been matched by over £24.8million from local companies, representing a total boost of £30.7million to the East Sussex economy.
The Locate East Sussex team is based in Ocean House, St Leonards and offers free, objective advice on business growth, commercial property decisions and access to funding for growth acceleration. Locate East Sussex will also be supporting the delivery of East Sussex County Council’s ‘ESI5’ business funding programme and is now welcoming applications from companies interested in accessing grant or loan funding to support business growth.
Locate East Sussex is part of the Let’s Do Business Group (LDBG), the the south east’s leading provider of business advice, training and finance.