Community-minded Brighton and Hove businesses invited to apply for funds

Posted On 27 Mar 2014 at 6:18 pm

Brighton and Hove businesses keen to support their local community could receive a funding boost.

Through Social Enterprise Assist, firms with a commitment to reinvesting profits back into their local area can bid for part of a £152,000 pot.

The winners will be able to apply for an interest-free loan of between £10,000 and £30,000, according to a report on the Latest website.

Those chosen will also receive mentoring and access to a bank of experts.

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It is part of government-backed scheme that connects local social enterprises with larger companies with the hope of injecting prosperity into local communities.

The scheme was piloted last year.

Among those to benefit have been Amy and Ruth Anslow, who were able to open the doors of their local ethical supermarket, hiSbe, in York Place, Brighton.

Others included a creative writing group, a parent support group and a community IT consultancy.

Businesses have until Thursday 10 April to apply.

Funding has been provided by Coast to Capital Local Enterprise Partnership and Legal and General, which has offices in Hove.

Frances Borrer, community investment manager for Legal and General’s Hove office, said: “This is a real opportunity for anyone who has a business idea that has a social purpose in the Sussex area to receive excellent advice and interest-free financial backing to get their business off the ground.

“We had some excellent applications last year and some great successes.

“So any businesses considering applying should get in touch with SE Assist now, particularly if they have any questions.”

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