Sources of Funding

Sources of Funding 2019-08-12T11:09:07+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.

31 August
Lloyds Bank Foundation
Enable grants are awarded to charities which have identified clear development needs and provide a great opportunity to strengthen charities to deliver more effectively e.g. an enable grant could put your charity in a stronger position to deliver services and attract more volunteers funding and support.

12 September
Armed Forces Covenant Fund:
Removing Barriers to Family Life Programme
Medium grants of between £30,000 – £100,000 for existing or new programmes that will support Armed Forces families who are facing challenges.  Projects must address a clear need for one of three key groups of people:  young people from armed forces families; families and carers of veterans; serving families.

17 September
Winston Churchill Memorial Trust
Funding for UK citizens to travel anywhere in the world for up to two months to research a topic of their choice that can make a contribution to UK society on their return home. This funding is not for academic research trips, rather it is intended for ‘journeys to learn about real-world issues from the leading practitioners in the world’ and to make a real-world difference with the learning upon returning home.

27 September
Lawrence Atwell’s
Grants up to £10,000 that will help neet young people into employment.

5 December
Energy Globe Award

Acknowledging and rewarding large and small projects addressing climate change. Categories: earth; fire; water; air; youth; special category on the issue of ‘energy for the poorest’.

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: keith.miller@enterpriseforlondon.com or call: 07515 051023.

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.

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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.

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.

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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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