Two Croydon businesses get grant to create jobs

By - Wednesday 12th November, 2014

Two businesses in Croydon will receive funding to create new jobs, refurbish offices and expand their reach and services. The Coast to Capital Business Growth Grant scheme supports small to medium sized local businesses. Natterbox based in No.1 Croydon has received £125,000, and Young Start Up Talent has received £49,500. 

Image used with permission.

Release begins: Two Croydon businesses will receive a slice of almost £500,000 in the latest round of grants awarded from the Coast to Capital Business Growth Grant scheme.

Natterbox has been awarded £125,000 to commercialise its voice intelligence solution, recruit 32 new staff and refurbish its new premises in the No.1 Croydon building while the Young Start Up Talent project will be given £49,500 to help expand its services into Croydon and create 14 new jobs.

The Business Growth Grants programme, managed by Coast to Capital, Brighton and Hove City Council and commercial partners, helps local small and medium-sized enterprises expand their businesses by supporting projects such as skills improvement, research and development and investing in equipment or premises.

In total, some 120 new jobs are set to be created in the latest round of grants across the Coast to Capital region. Grants ranged in size from £5,000 awarded to Surrey-based Shippo, to £137,000 for Brighton-based software company TImNexus, who will spend the money on staff development to meet fresh challenges of changing technology.

Other beneficiaries include the Ridgeview Winery Estate, whose new bottling process will almost treble production and energy solutions firm Black Box Energy, who will provide additional customer support facilities. The successful applicants demonstrated how their proposals would increase local employment.

Coast to Capital chief executive Ron Crank said the latest round of grants showed how significant a role small and medium sized enterprises had to play in our local economy.

“As a local enterprise partnership concerned with supporting and encouraging local businesses, we are able to help many companies and groups make a real difference” Ron said. “These businesses are the drivers of our regional economy, so we are pleased to be able to support them and I encourage others in a similar situation to get in touch with my team at Coast to Capital to see if we are able to help their growth plans.”

The following companies are the latest to have been awarded a Business Growth Grant:

  • Ridgeview Winery Estate based in mid-Sussex, to upgrade their bottling line
  • Natterbox to fit out new offices in the ‘No. 1 Croydon building’.
  • Silicon Networks Ltd based in Hove to further develop the MiFinder App for Android and add new features
  • Black Box Energy based in Worthing to establish a customer support call centre and online facility for energy consumption-related enquiries
  • Shippo based in Surrey, to invest in staff training and development
  • Young Start Up Talent to expand their operations and work into Croydon
  • Aegis Rubber based in Haywards Heath, to invest in new machine shop technology and equipment
  • TImNexus based in Brighton to increase their development and support team to deal with new technologies
  • The Base Skate Park based in Bognor Regis to create an indoor skate park for use by skateboarders, scooters, BMXers and Inline skaters

Following a high number of applications, the current round of funding is now closed for new proposals unless expressions of interest have already been made. It is hoped a new round of funding will become available early in 2015. To discover more visit

The Government’s Regional Growth Fund is a £3.2 billion fund designed to help companies in England to grow. So far £2.6 billion of funding has been allocated to support projects and programmes committed to deliver sustainable jobs and economic growth. Round 5 selected bidders have now been announced. For more information, please go to

Release ends.

Release sender: Prowse & Company



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