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Recession Relief

We are committed to supporting business through an economic downturn and offer help wherever we can.

All businesses face difficult trading conditions during an economic downturn. We work with other organisations to provide support initiatives to help local businesses survive and grow. Business Link South East remains our primary business support partner.

We have a number of initiatives in place to support businesses district wide. 

Cash flow

The Government provide help to businesses with temporary cash flow difficulties. These measures include -

• Enterprise Finance Guarantee Scheme  facilitates additional bank lending to viable SMEs which lack the security to secure a normal commercial loan.  This scheme will continue to 2014-15.
• Capital for Enterprise Fund invests in small businesses that need equity.

Business Link has further information.

South East Transition Fund

South East England Development Agency (SEEDA), working with Finance South East, established a number of funds to assist small and medium enterprises that are facing liquidity issues.  These funds include:

• South East Seed Fund that invests up to £250,000 into SMEs
• Finance for Business Fund to facilitate the progress to market of business ideas
• South East Sustainability Loan Fund to provide matching funding to existing sources of publically funded loan finance
• Community Generation Fund to enable the transition to a low carbon

Business Link offer free health checks including an online tool for self assessment. Carrying out a health check will help you to ensure your business is maximising cash flow, optimising marketing activity and developing realistic business plans for its future during the current economic climate.

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