Newhaven Grant Schemes Deliver Over £1.5 Million Investment into Local Businesses
Following a successful application period, two Newhaven Grant Schemes have closed after unlocking over £1.5 million in combined public and private investment for local businesses.
A total of £535,827 in grant funding was awarded, leveraging a further £1,023,165 in business match funding and reflecting strong engagement and commitment from the local business community.
Managed and delivered by Let’s Do Business Group in partnership with Newhaven Enterprise Zone, the programme supported employment space refurbishment and low carbon initiatives helping to drive economic growth, commercial improvement and sustainable innovation across the town.
Targeted Support for Local Growth
The two funding programmes were designed to address specific business and development needs across Newhaven:
Refurbishment of Employment Space Fund
The Newhaven Refurbishment of Employment Space Fund attracted 14 applications. These focused on developing existing commercial buildings through refurbishment, expansion or relocation projects. As a result, 9,339.76 square metres of industrial, creative, hospitality and commercial space have been developed or enhanced within Newhaven , strengthening the town’s employment infrastructure.
Low Carbon Investment and Green Innovation Funds
The Newhaven Low Carbon Investment Fund attracted 9 applications from businesses seeking to adopt low carbon technologies and processes, enabling growth while reducing environmental impact. Supported projects have delivered measurable environmental improvements, including annual CO₂e reductions of up to 55,421kg and electricity savings of up to 80,000 kWh per year on individual projects.
In addition, the Low Carbon Green Innovation Fund received 5 applications, encouraging businesses to adopt forward-thinking sustainable technologies. These projects have generated annual cost savings ranging from £960 to £71,800, demonstrating the clear financial as well as environmental value of investing in low carbon solutions.
“Unlocking over £1.5 million of investment is a significant achievement and we’re proud to have supported businesses in turning their growth and sustainability ambitions into reality. The strength of applications we received highlights the ambition and resilience of the local business community, and it’s encouraging to see the lasting impact these projects will have across the town .”
From the outcomes achieved through the programme, a lasting impact will continue to be felt across Newhaven, with 91.5 jobs created and a further 14 safeguarded, supporting ongoing business growth. Let’s Do Business Group is delighted to have played a key role in delivering the schemes in partnership with Newhaven Enterprise Zone, demonstrating the value of targeted investment in strengthening local enterprise.
Looking for funding opportunities to support your business growth? Contact the Let’s Do Business Group team to explore how we can help: https://www.letsdobusinessgroup.co.uk/contact-us/