East Sussex County Council has agreed a £100,000 funding package for small businesses.
The council said the grant, part of an overall package in excess of £1 million, will allow firms to apply for loans of up to £25,000.
About 86 per cent of East Sussex-based firms employ ten or fewer workers and these would all be eligible for the scheme.
Those which apply for cash will be offered advice, training and the chance to attend three-day workshops.
Council leader Peter Jones said: "It will provide a vital service for small businesses who may otherwise not have access to the necessary start-up funds or expertise."
He said the scheme would be key to raising the economic performance of East Sussex.
Companies should contact Sean Dennis at Capitalise Business Support on 01424 781867 for further advice.
Wednesday May 26, 2004
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