The Coast to Capital Growth Grant Programme is now open for SME businesses who have been operating in the West Sussex, Brighton & Hove, East Surrey, Croydon, and Lewes District for at least one year.
The grant is designed to stimulate capital investment to help businesses introduce innovation and improve productivity.
A total of £3.5m of funding is available to fund capital grant projects of between £40k and £170k.
Businesses can apply for up to 40% grant funding towards the cost of equipment/software and other capital items to make them more competitive. Minimum project size is £100,000, meaning the applicant will need to bring 60% (£60,000) in match funding.