Sources of Funding

Sources of Funding 2020-09-21T08:39:39+00:00

There are various sources of funding available to businesses, start-ups and voluntary and community organisations from grants, loans to crowd funding. Below is a list of funding opportunities with deadline dates.

Croydon’s Green Fund 
Grants for projects, activities and initiatives that promote environmental protection, green living and a sustainable lifestyle in Croydon.  Grants between £1,000-£15,000 for small/medium projects and between £15,000-£50,000 for medium/large projects.  Grants will be made three times a year.

The One Croydon Alliance is seeking to fund local voluntary and comunity groups to provide services or activities that will help reduce social isolation and loneliness.  The service aims to target people over 55 with complex health or care needs including those with dementia and mental health conditions.
Find out more

Latest funding opportunities from Grant finder can be found here

Please share with your business networks.

September/October  opportunities

Stronger Communities Fund
Grants of between £2,000 and £10,000 for projects that use sport and physical activity to address increased levels of loneliness and social isolation that have spiked during COVID-19 due to prolonged lockdown and social distancing measures.
Deadline: 25 September 2020 @5pm

New! Starting Well
Applications are now being accepted for a new £3.3 million Fund that aims to improve outcomes for mothers and babies in deprived areas or from BAME backgrounds from preconception to up to 2-and-a-half years of age.  Grants between £200,000 and £510,000 are available for projects that focus on giving people from the previously mentioned backgrounds the best chance at a healthy start in life.
Deadline: 30 October 2020 @midday

New! Covid Early Language Skills Gap
Government funding for schools to help boost early language skills of Reception pupils whose education has been disrupted by COVID-19.  The funding will provide schools with training and resources to help them deliver one-to-one and small-group support for five-year-olds whose spoken language skills may have suffered as a result of the coronavirus pandemic.
Deadline: 30 October 2020

December opportunties

Volant Trust
Grants up to £15,000 (for up to three years) for charities that can demonstrate a strong focus on helping vulnerable groups through Covid.
Deadline: 31 December 2020

More than a Pub
Funded by Power to Change and the Ministry of Housing, Communities and Local Government and led by the national charity, the Plunkett Foundation, this new £2.2 million round of More than a Pub, makes a range of support and funding available until December 2020.

Sexual Health Innovation Fund
Voluntary sector organisations looking to develop effective ways of addressing inequalities in sexual health, reproductive health, and HIV are invited to apply for a grant of between £25,000 and £75,000 for projects with a particular focus on BAME communities. A webinar will be held on 2 September at 11am advising how to apply to the fund.

Rolling funding

L&Q Place Makers Fund
Grants to local groups and charities sharing a passion and commitment to changing lives and enhancing communities.  Activities should deliver one of the three following outcomes:  education; health and wellbeing; isolation and exclusion. Applications will be looked on the 1st day of each month @12noon.

Get Up Rise Up Action Fund
The above fund is in a six month trial period making resources available to local groups that often find themselves underfunded or under-resourced and who are planning creative direct actions as part of an ongoing campaign.  Priority will be given to African groups during the trial period but will not necessarily be limited to that.  Applications will be looked at each month.

Allen Lane Foundation 
New funding programme – Social Cohesion – to provide support to local communities working at a grassroots level. Priority will be given to applications from areas of high deprivation.
Other programmes are:  asylum seekers and refugees; gypsy and traveller communities’; migrant communities; offenders and ex offenders; older people; people affected by violence or abuse; people with mental health problems.
They are next looking at applications prior to February 2020 Trustee Meeting.

**FUNDING NEWS**

 Paul Hamlyn Foundation
The above grant makers have highlighted the need to use digital to attract younger In their latest review report (which you can download below) they are focusing on increasing diversity e.g. using an online forum for peer networking which currently has ‘limited engagement’ and presents an opportunity to adapt this approach.

New! £25m Safer Street Fund 
The Home Secretary has launched a £25 million fund to prevent burglary and theft in crime hotspots.  The fund will be open to bids from Police and Crime Commissioners for projects aimed at preventing acquisitive crime.
Read more

New! £2m Fund to tackle Loneliness
The Government have announced the above which aims to support  frontline, grassroots organisations that bring people together and help them make friends. These could include community cafés, street parties, coffee mornings or local walking groups.
Read more

FREE Funding Support and Resources
London Sport provides free funding advice and a number of resources to help organisations including dos and don’ts of writing a funding bid and developing an evidence base. We also provide a free Check and Challenge to proof-read applications. Contact them by clicking here.

Investment/Grant Opportunity
CIP (Community Impact Partnership) is a joint initiative between four leading housing associations: Clarion; L&Q; Orbit; Peabody Trust.  Offering blended investments/grants of between £25,000-£150,000 to support organisations working in local communities.
Read more

Loans & Grants

Croydon Enterprise Loan Fund

The Croydon Enterprise Loan Fund is a growth programme designed to support businesses in Croydon to access finance in order to start or grow a business. The scheme is managed by London Small Business Centre and Enterprise for London on behalf of Croydon Council.
The Croydon Enterprise Loan Fund 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.

To find out more contact:  enquiries@enterpriseforlondon.com  or call: 020 3011 1340

Find out more

Greater London Investment Fund (GLIF)

The fund was launched by the Mayor of London back in May and comprises of both debt finance and equity investments. The FSE Group will be managing the £55million debt fund. The fund will be providing support for new and established small to medium enterprises that are located in one of the 33 London Boroughs.

The fund will also focus on industries identified as important for the capital’s economy by the Mayor in his Economic Development Strategy. These include cultural and creative industries, financial and business services, life sciences, low carbon and environmental goods and services, tech and digital, and tourism. The fund is open to all businesses and places a strong focus on supporting women-led businesses and entrepreneurs from black, Asian and minority ethnic backgrounds.

Expansion loans are available from between £100,000 and £1million, and can be used to fund sales and marketing activities, hiring new staff, new product development or to help businesses entering new markets. We are looking to work with Croydon businesses to promote the funds objectives, so any help will be greatly appreciated.

Find out more

Coast to Capital Funding and Grants

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.

Find out more

Innovate UK Business Innovation

Guidance for business and academic organisations on what funding they can get to test ideas and develop innovative products and services.

Find out more

Crowd Funding

Spacehive

Croydon LIVE is also here to provide a platform for Croydon’s communities to develop, fund and launch their own projects to create and enliven fantastic new public spaces.

Find out more

European Funds

European Social Fund

The ESF is Europe’s main instrument for supporting jobs, helping people get better jobs and ensuring fairer job opportunities for all EU citizens. It works by investing in Europe’s human capital – its workers, its young people and all those seeking a job. ESF financing of EUR 10 billion a year is improving job prospects for millions of Europeans, in particular those who find it difficult to get work.

The European Union is committed to creating more and better jobs and a socially inclusive society. These goals are at the core of the Europe 2020 strategy for generating smart, sustainable and inclusive growth in the EU. The current economic crisis is making this an even more demanding challenge. The ESF is playing an important role in meeting Europe’s goals, and in mitigating the consequences of the economic crisis – especially the rise in unemployment and poverty levels.

Find out more

European Investment Fund

Our central mission is to support Europe’s small and medium-sized businesses (SMEs) by helping them to access finance. To this end, we aim at satisfying existing and future market needs by designing innovative financial products addressed to our partners (banks, guarantee, leasing and microfinance institutions, private equity and venture capital funds, among others), acting as our financial intermediaries.

By offering an Integrated Risk Finance Product Range of SME finance to our intermediaries, we complement the products offered by the European Investment Bank (EIB) with which we form the EIB Group.

Find out more

X