The empty unit activation grants comprises:
- 10 capital grants of £10,000 each to Croydon-based micro and small businesses
- Funded through the Growth Zone to support the reactivation of empty commercial units, particularly in high streets and district centres
- Grants to help cover refurbishment, fit-out, and activation costs for vacant premises
Eligibility
- Micro or small independent business
- At least 50% of employees must be Croydon residents
- Must have secured a lease for a vacant unit
- Works must begin within one month of funding
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Outcomes
- £100,000 allocated to bring 10 empty units back into use
- Direct reduction in commercial vacancies across town and district centres
- Increased footfall and high street vitality through new local enterprises
- Support for resident employment and microbusiness growth in key retail corridors
- Reduction in unemployment and council tax support where applicable