The scheme is now closed to new applications. We are currently working on extending the scheme to allow other businesses to apply. If you have already applied for a discretionary grant, you will get a response within 20 working days of when you applied.
An additional discretionary grant fund has been set up by the government to support some of the small businesses who were not eligible for the business grants scheme and have ongoing fixed property-related costs.
This fund is significantly smaller than the previous coronavirus related grants and will only be available to support a small number of businesses in Croydon.
Grants will be awarded to eligible businesses on a first-come, first served basis until all the fund has been allocated.
To be eligible businesses must:
- have been trading on or before 11 March 2020
- employ fewer than 50 employees
- have experienced a significant drop in revenue and / or financial impact
- have fixed property-related costs
- have not received other coronavirus-specific grants (not including the coronavirus job retention scheme to furlough staff, or the self-employment income support scheme)
- have experienced a 40% or more drop in income due to the impact of coronavirus crisis
Please note, charities and bed and breakfasts are not eligible to apply.
For applications to be assessed, the following evidence must be submitted:
- Company registration or UTRN number
- Business bank statements for the period 1 January 2020 to 30 April 2020 for the account you would like the grant to be paid into
- Profit and loss statements for April 2019 to March 2020 (Xero/Sage/Quickbooks or equivalent)
- Most recent balance sheet (Xero/Sage/Quickbooks or equivalent)
- Copy of a current business tenancy or rental agreement, lease, co-working membership agreement or similar
Failure to provide this evidence will result in your application not being assessed.
If you need help with your application or evidence, contact economicdevelopment.croydon.gov.uk
We will be prioritising the following types of businesses for these grants:
- Small businesses in shared offices or other flexible workspaces. Examples could include units in industrial parks, science parks and incubators which do not have their own business rates assessment
- Regular market traders with fixed building costs, such as rent, who do not have their own business rates assessment
- Businesses which occupy property, or part of a property, with a rateable value under £51,000 and were not eligible for rate relief
- Social enterprises
We will award three amounts based on the following criteria:
|Grant amount||Monthly property costs|
|£1,000||Market traders (must trade five
days a week in the borough of Croydon)