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keyfact Horsham District

In 2007, Horsham’s economy was worth around £2.33bn – just under 15% of the West Sussex economy.

Financial Support


If you’re thinking about starting or growing a business, one of the toughest challenges will be securing funding.

Great Business, the government’s online business support service, has information on finance and grants.


Banks
:
Most banks offer a useful business advice and business start up service, with many offering guides, business seminars, business hotlines, webinars, free business banking and even free business packages.  When raising finance it is always worth checking with banks first.

www.barclays.co.uk

www.co-operativebank.co.uk

www.hsbc.co.uk

www.lloydstsb.com

www.natwest.com

www.rbs.co.uk

www.santander.co.uk

Accountants are also a useful source of information on raising finance.


Grants:

Many agencies provide funding opportunities for specific aspects of a business. These are often but not exclusively match-funded, meaning that the business will need to contribute some of the costs of the project. Grant schemes are generally time-limited. We try to keep this list up to date, but nevertheless some of the following may no longer exist.

MAS Funding, Business Growth Service: Funding grants of between £300 and £3,000 for manufacturing SMEs. A typical project would deliver a return of at least 66:1 against the investment.

Innovation Vouchers, Technology Strategy Board: Vouchers available for a range of technology-related investment up to £5,000 for SME's, entrepreneurs and early stage start-ups. New rounds every January, April, July and October.

Internship Programme, Santander: Funding of £1,500 to SMEs taking on a current University of Brighton student or recent graduate as an intern on the equivalent of a three month full time placement.

Graduate Internship Programme, Green Growth Platform: Funding of £1,000 to SMEs taking on a graduate intern for six weeks. You'll also receive support in advertising the role.

GraduateOn Internship Programme, University of Chichester: Funding of up to £1,200 to organisations taking on a current University of Chichester student or recent graduate for an 8 week full or part-time placement. Email graduateon@chi.ac.uk.

Low Carbon Workspaces, ngage: Match funded grants of up to £5,000 to help pay for the installation of energy efficiency improvements, such as LED lighting, insulation and efficient boilers.

Eco-innovation, ngage: Match funded grants of up to £3,000 to help promote environmentally friendly products or services.

Apprenticeship Grant for Employers, Skills Funding Agency: The AGE 16 to 24 grant for employers provides £1,500 to businesses with less than 50 employees to recruit individuals aged 16 to 24 into employment though the apprenticeship programme.

Upcoming Grants:

Business Growth Grants, Coast to Capital: The Business Growth Grants programme will provide grant funding up to 25% of total costs to small and medium sized businesses that are planning expansion and growth. Email rgf@coast2capital.org.uk.


Other useful websites

www.bis.gov.uk: For information on the government-backed Enterprise Finance Guarantee scheme.

www.ukexportfinance.gov.uk: The government export credit agency.

www.thefsegroup.com: Helps growth businesses achieve their potential.

www.sgba.co.uk

www.ukba.co.uk

www.angelinvestmentnetwork.co.uk





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