The Croydon Council's Business Recovery & Innovation Grants Fund is available for local businesses to help them become more resilient.
Sponsoring Agency: Croydon Council
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/30/2021
Size of the Fund: Less than USD $50,000
The Croydon Council's Business Recovery & Innovation Grants Fund is available for local businesses to help them become more resilient.
Funding must be spent on equipment that helps provide resilience and recovery for local businesses which then supports local employment and community wealth. Priority will be given to businesses that are employing local and buying local, and applications will be assessed on a first-come, first-served basis.
Funding Information
Businesses can apply for a one-off grant of up to £20,000 to buy equipment, websites or software to help them:
• become more resilient and innovate in a Covid-19 environment
• support larger projects or activities
• retain and employ employees
Who can apply?
All types of business organisations including but not limited to:
• limited companies
• community interest companies
• limited liability partnerships
• sole traders (market traders must operate a minimum of three days per week in Croydon)
• partnerships
• social enterprises (must be able to demonstrate a clear social mission addressed by the social enterprise)
• charities with an active trading arm
Eligibility Criteria
To be eligible, businesses must:
• have a registered or trading address in the London Borough of Croydon
• have been trading on the 5 January 2021 (note, this means your business must be active – your premises do not need to have been open)
• have seen a minimum 10% reduction in income (which can be evidenced)
• have a turnover of £15,000 per annum
• have a commercial lease or mortgage (ie. not be a home-based business)
More information at: https://www.croydon.gov.uk/business-licences-and-tenders/running-business/business-support-and-advice/support-grants-businesses-0/business-recovery-innovation-grants-fund
