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Presentation to the Wealden Strategic Partnership Graham Marley Chief Executive. Background. Not for private profit Established over 25 years Turnover £1.6m 28 staff 200+ volunteer mentors Provision of business advice, training exhibitions and finance. Services in the Wealden Area.
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Presentation to the Wealden Strategic Partnership Graham Marley Chief Executive
Background • Not for private profit • Established over 25 years • Turnover £1.6m • 28 staff • 200+ volunteer mentors • Provision of business advice, training exhibitions and finance
Services in the Wealden Area • Delivery of New Enterprise Allowance • Lets Do Business Finance • Start Up Loans • Business start up workshops (Hastings and Eastbourne) • Exhibitions (Eastbourne and Hastings) • Business Training and Apprenticeships
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 • 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 Allowance • Programme started 8th August 2011 • Rolling programme • Number of referrals (331) • Number of programme starts (228) • Business Starts confirmed (116) • 6 Month+ trading confirmed (84) • Continues until March 2016
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 • Up to £10k • 6.2% APR • Max term 5 years (usually 3) • Clients receive mentoring support • Helpline • Access to global partners
Business Training • Accredited training by ILM, City and Guilds BIIB • Short business skills courses • Apprenticeships • Business Skills Academy
What Else is available • Growth Accelerator • Manufacturing Advisory Service • Growth Vouchers • Growth Hub(?)