Sources of Funding

Sources of Funding 2021-04-19T09:22:40+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.
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Latest funding opportunities from Grant finder can be found here

Community and Connections grant

The Community and Connection grants programme provides funding for those who are making a positive contribution to the lives of those experiencing mental illness, and are primarily serving Southwark, Lambeth, Lewisham and Croydon.

This fund has particular focus on funding projects working with and for the benefit of people who are, or have been, severely unwell and who are likely to have experienced additional social or economic disadvantage. We are particularly interested in hearing from projects that can demonstrate a meaningful commitment to diversity and inclusion, and which reach and empower people to play an active role in their own wellbeing and recovery. Proposed projects should go over and above what might be provided through NHS funding. The average grant awarded is £20-3k and applications close on 12 May 2021

The full details and how to apply can be found here: https://maudsleycharity.org/our-grants/community-and-connection-grants/

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

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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.

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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.

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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.

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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.

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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.

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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.

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