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Presentation to the East Sussex Assembly Graham Marley Chief Executive. Background. Not for private profit Established over 25 years Turnover £1.1m 28 staff 200+ volunteer mentors Provision of business advice, training exhibitions and finance. Services in East Sussex.

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presentation to the east sussex assembly graham marley chief executive
Presentation to the East Sussex Assembly

Graham Marley

Chief Executive

background
Background
  • Not for private profit
  • Established over 25 years
  • Turnover £1.1m
  • 28 staff
  • 200+ volunteer mentors
  • Provision of business advice, training exhibitions and finance
services in east sussex
Services in East Sussex
  • Delivery of New Enterprise Allowance
  • Lets Do Business Finance
  • Start Up Loans
  • Business start up workshops (Hastings and Eastbourne); Leap in Lewes
  • Exhibitions (Eastbourne and Hastings)
  • Business Training and Apprenticeships
we also
We also...
  • Locate East Sussex
  • Partner ESCC with an RGF 4 bid
  • Town Centre Management (Hastings)
  • Hastings Area Chamber of Commerce
  • Working with schools
new enterprise allowance
New Enterprise Allowance
  • JSA claimants from day 1 (up until Work Programme)
  • Induction
  • Workshops
  • Mentoring
  • Loan (£2500 at 6.2%APR over 3 years)
  • Ongoing mentoring
  • Helpline
new enterprise allowance1
New Enterprise Allowance
  • Programme started 8th August 2011
  • Rolling programme
  • Number of referrals (744)
  • Number of programme starts (499)
  • Business Starts confirmed (238)
  • 6 Month+ trading confirmed (98)
  • Continues until December 2014
lets do business finance
Lets Do Business Finance
  • Capitalise Business Support
  • Up to £2.1m RGF funds available
  • Loans up to £50k
  • Typically at 12% over max of 7 years
  • Can provide start up finance (typically 19%)
start up loans
Start Up Loans
  • Up to £10k
  • 6.2% APR
  • Max term 5 years (usually 3)
  • Clients receive mentoring support
  • Helpline
  • Access to global partners
  • Programme started
  • Loans agreed
locate east sussex
Locate East Sussex
  • Inward Investment into the county
  • Existing businesses looking to expand
  • New commercial developments
  • Marketing the County
  • Regional Growth Fund