Peter Jones says the funding for Sea Change Sussex for manufacturing projects and research and development in Hastings is a real boost for the area and for the rest of East Sussex.
The funding is part of the third round of the £1 billion Regional Growth Fund announced today (19 October) by the Conservative lead Government.
Councillor Jones said: “The County Council is responsible for managing this grant and we'll be working with Sea Change Sussex on this fantastic opportunity. The funding is great news for jobs and growth in Hastings – one of the most deprived areas of the UK – and it will also boost the rest of East Sussex as well.
“We want to help business and support economic regeneration right across our county. The County Council is providing a special £6m Economic Intervention Fund to do just that. The Fund aims to help our rural economy, support companies to relocate to East Sussex, provide investment for small and medium sized businesses and help the voluntary sector on projects that create jobs.
“The Intervention Fund is part of our overall four-year, £500 million budget for growth which includes funding for transport improvements and better and faster broadband.”
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