London Borough of Croydon

Accessing the right kind of finance is critical for any businesses. Below are organisations that offer funding and grant support to Croydon business. 

Croydon Enterprise Loan Fund

The Croydon Enterprise Loan Fund is an enterprise growth programme designed to support businesses in Croydon which have not been able to access or secure conventional finance for their business. The scheme is managed by Enterprise for London on behalf of Croydon Council.

The Croydon Enterprise Loan Fund and its partners offer expert practical support to help businesses get ready to apply for finance. Since 2008 the loan fund has gone on to provide £3m of finance to over 300 local businesses that have received loans ranging from £1,000 to £50,000.

Croydon, with its vibrant economy and exciting times to come, is unique amongst the London boroughs, in that it has been operating its own fund dedicated to supporting Croydon based businesses.

Eligibility criteria

  • The business, or business owner, must be located within the London Borough of Croydon
  • Applicants must be aged 18 or over
  • The business must be recognised as a small or medium-sized enterprise
  • Finance should be required to further the purpose of the business and not to directly or indirectly finance any personal expenditure of its owners, nor refinance or repay existing business borrowing or debts
  • Applicants must be permanent residents of the UK or have indefinite leave to remain in the UK.

Start-up loan

Start up business established under one year and Business defined as SME (EU definition) AND Owner/Partner/director must be resident of Croydon Borough OR Business is based in or relocating to the Borough of Croydon

  • Minimum £1000 to maximum £5,000
  • Maximum repayment period up to 5 years
  • Interest rate fixed at 5%
  • Arrangement fee 2%

Growth loan

Existing business trading for more than 12 months and Business defined as SME (EU definition) and Owner/Partner/director must be resident of Croydon Borough OR Business is based in or relocating to the Borough of Croydon

  • Minimum £1,000 to maximum £50,000
  • Maximum repayment period up to 5 years
  • Interest rate fixed at 8%
  • Arrangement fee 2%

For more information visit www.croydonloanfund.co.uk or contact enquiries@enterpriseforlondon.com or call 020 7101 0696. 

Coast to Capital

Coast to Capital has a number of funding, grant and loan opportunities available to private sector and public sector organisations to support business growth in Croydon, East Surrey, Gatwick Diamond, Brighton & Hove, Lewes and West Sussex. This funding comes from our allocation from the Government's Growth Deal and the European Structural & Investment Fund which both support business growth.

Finance and Support for your business

Find government-backed support and finance for business.

The Start Up Loans Company is a government funded initiative that provides start up support in the form of a repayable loan together with a business mentor for entrepreneurs across the UK. The company operates through a network of delivery partners across the country, who supports entrepreneurs in all industries and sectors. Prospectus is an official London Delivery Partner of the Start-up Loans Company. They work to support entrepreneurs looking to start a business, by helping applicants to build a business plan, and then by providing funding in the form of a Start-up Loan. Loan sizes are between £500 - £25,000.

Seed Enterprise Investment Scheme (SEIS)

SEIS offers start-ups and business entrepreneurs an ideal route to sourcing vital early-stage funding. As an entrepreneur seeking investment through SEIS, you must be prepared to hand over equity in exchange for capital funding. It is not a scheme involved in peer-to-peer lending or debt finance.

UK Export Finance (UKEF)

(UKEF) helps UK exporters by providing guarantees and insurance policies that complement those on offer in the private sector; and guidance on sources of export finance. UKEF provide guarantees, insurance and advice to UK-based exporters large and small, working across all sectors from engineering and IT to infrastructure projects, consulting and service industries. Supporting exports to over 200 countries, UKEF work hard to understand each sector and tailor its support to provide the most appropriate solution for our customers. UKEF also works closely with UK Trade and Investment and the trade support organisations in Scotland, Northern Ireland and Wales, to ensure that exporters receive the full range of Government support available.

South East Sustainability Loan Fund

(SESLF) - over £1million available to be lent to South East SMEs by the end of the year. Where companies meet the criteria for the SESLF and the matching fund, up to £400,000 of debt funding is available.

Funding Options

Funding Options is a business finance matchmaker. Find the right finance from more than 50 of the UK’s leading lenders, whether you want to raise £1,000 or £10 million. If you’re looking for growth finance, business loans for working capital, commercial mortgages, invoice finance, asset leasing or something else, they can help you find it. It’s completely free and no-obligation to see your funding options.

Rangewell & Coast to Capital

Rangewell & Coast to Capital helps businesses and their professional advisors find, compare and apply for business finance through a fully comprehensive, totally independent and free-to-use online platform. With over 270 business lenders and thousands of products on the platform, Rangewell gives you access to business finance that meets your unique needs.

Business Propeller

Business Propeller offers the ambitious business owner the opportunity to gain knowledge, share experiences and grow influential networks from seasoned professionals, who have all owned, started and led their own multi-million pound businesses.

The London Co-Investment Fund 

The London Co-Investment Fund has raised £25m from the Mayor of London’s Growing Places Fund to co-invest in seed rounds between £250,000 and £1,000,000, led by selected co-investment partners. Applications are welcomed from high-growth tech, science and digital start-ups in London.

Kickstarter Crowdfunding

Kickstarter Crowdfunding is a crowdfunding platform for creative projects that helps artists, musicians, filmmakers, designers, and other creators find the resources and support they need to make their ideas a reality. Kickstarter is a Benefit Corporation, which is a for-profit company that considers its impact on society.

Creative England

Creative England - supports and invests in the growth of the creative industries. They invest in talented people and their creative ideas, nurturing the richly diverse games, TV, film and digital media industries. From direct investment and soft loans to business mentoring; they champion the best ideas of talented people and their businesses. A not-for-profit organisation they mobilise public and private resources to garner as much support and investment for the creative industries as possible. They work with a wide range of partners and investors from commercial brands and companies such as Google, Facebook and KPMG to local authorities, cultural bodies and universities, national government, and the European Commission.

Virgin Start-up

Virgin Start-up  a not-for-profit company, which will offer financial support, mentoring and business advice to thousands of young entrepreneurs across the UK.