Extra Funds For Businesses To Help Newhaven's Renewal

Businesses in Newhaven are being offered grants of up to £25,000 to inject new life into empty commercial buildings and create what funding providers have called "much-needed" jobs in the town. 

According to Newhaven Enterprise Zone in partnership with social enterprise the Let's Do Business Group, the money is intended help make Newhaven a key contributor to the Sussex economy by 2030.

Successful projects will need to show they can deliver business growth, job creation and regeneration for the town. 

Corinne Day, programme director, Newhaven Enterprise Zone, said:

"This initiative represents a pivotal moment in Newhaven’s economic landscape, empowering businesses and revitalising underutilised properties to drive growth and create new job opportunities.

"By launching this innovative fund, NEZ is paving the way for a prosperous future and fostering a vibrant and dynamic business environment that will benefit the entire community." 

The Newhaven Enterprise Zone teams says that its vision is for Newhaven, by 2030, to be a thriving business destination, a major contributor to the regional economy and a re-energised harbour town.

Launched in 2017 with initial support from Coast to Capital, Newhaven Enterprise Zone is a collaboration between the South East Local Enterprise Partnership and Lewes District Council. 

Let’s Do Business Group staff added that the team has played a part in helping several key businesses to find commercial space to expand in the town, including Jeavons Toffee, which transformed the vegan home kitchen into an award-winning vegan toffee manufacturer, with products stocked in hundreds of independent outlets nationwide.

It also helped Hello Flamingo, an award-winning creative design and props manufacturer from Brighton, to move its production facilities to Newhaven, creating jobs in the town, as well as providing support to Paul Cox Sculpture.

Now, the companies behind the new scheme hope that the "Newhaven Sites and Empty Property Fund" will drive the development of vacant commercial floorspaces and sites, and help other small and medium-sized enterprises (SMEs) to accelerate their growth — and ultimately benefit the entire town.  

The money can be used for feasibility studies, masterplans, site investigations, pre-planning assessments, business-case development and essential repairs and improvements.   

The goal is to provide support and build a compelling case for commercial sites and premises that have remained undeveloped for more than 12 months.  

To access the fund, Newhaven SMEs must provide a minimum of 50% match funding.

Private sector owned and public sector sites are eligible and partnership agreements will be considered, too, however retail, hotel and catering and other service sector sites will not be covered by the fund. 

The Newhaven Sites and Empty Property Fund forms part of a wider programme of funding and events that have been curated by the NEZ to support growth in the area.

Set up in 2017, the NEZ has established itself as a driving force for investment, unlocking development opportunities, attracting businesses and creating jobs.  

Corinne Day added:

"Our vision is that by 2030 the NEZ will have been a catalyst to support sustainable, good economic growth and business resilience, helping to deliver a new era for Newhaven.

"The vision is for a repurposed town centre built on creativity, a thriving business destination driven by our growth sectors and a major contributor to the Sussex regional economy." 

Let’s Do Business project lead Brett Pearson said:

"We are delighted to have been chosen to deliver another regeneration fund that supports employment and business growth.

"Newhaven has been highly successful over recent years and this continued investment from the Enterprise Zone, just reconfirms that this support will continue."

Let’s Do Business Group has been appointed to manage the process and support businesses with progressing applications.

To find out more about the Newhaven Sites and Empty Property Fund and to apply, the team invites you to browse to https://newhavenenterprisezone.com/newhaven-unleashed/