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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. 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

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  1. Presentation to the East Sussex Assembly Graham Marley Chief Executive

  2. 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

  3. 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

  4. We also... • Locate East Sussex • Partner ESCC with an RGF 4 bid • Town Centre Management (Hastings) • Hastings Area Chamber of Commerce • Working with schools

  5. 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

  6. 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

  7. 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%)

  8. 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

  9. Case STUDIES

  10. Locate East Sussex • Inward Investment into the county • Existing businesses looking to expand • New commercial developments • Marketing the County • Regional Growth Fund

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