The council has supported 210 businesses since May 2013 and hopes the extra funding will further boost the county’s economy, following encouraging recent figures from the Office for National Statistics.
Figures for 2015 – the most recent period for which data is available – show the economy in East Sussex grew by 5.2 per cent, compared to a national average of 2.9 per cent, with 2,790 new businesses starting up.
Cllr Rupert Simmons, county council lead member for economy, said: “We’ve had some really encouraging news on economic growth in the county recently, but it’s important that we don’t rest on our laurels.
“This additional funding will help more new businesses to start up or existing businesses to develop, creating new jobs for local people and helping our economy continue to grow.”
Businesses which have benefited from county council funding since 2015 include a clothing firm in Lewes, a St Leonards-based burger restaurant which has opened a second outlet in Eastbourne, a children’s activity centre in Heathfield and a Hastings company which sells credit card machines.
People interested in applying for funding to set up a new business or help an existing business can find more information by emailing EconomicIntervention.Fund@eastsussex.gov.uk, calling 01273 481476 or online at www.eastsussex.gov.uk/business/developing/finance/grants.