Businesses who closed or have been severely impacted by the national restrictions in place from 5 November to 2 December 2020, may be eligible for the Additional Restrictions Grant.
Funding for this grant has been allocated to councils by the government to use at their discretion to support local businesses. In Croydon, grants to businesses with relatively high ongoing fixed business or residential property-related costs in the following areas will be prioritised:
- non-essential retail
- hospitality and leisure.
- arts and entertainment
- work space providers
These costs include rent, business property mortgage payments, and membership fees for shared work-space.
Storage costs, postal address boxes and virtual memberships are not included.
To maximise the number of businesses who benefit from this grant scheme, eligible businesses will receive one of the following awards:
|Eligible business with fixed property costs in Croydon below £1,500 pcm||£2,000|
|Eligible business with fixed property costs in Croydon above £1,500 pcm||£5,000|
|Work Space Providers providing serviced office support to SMEs (whether open or closed)||£10,000|
Grants will be allocated on a first-come, first-served basis.
Who can apply?
All types of organisations including but not limited to:
- limited companies
- community interest companies
- limited liability partnerships (except charities)
- sole traders
- home based businesses are eligible to apply
- social enterprises (must be able to demonstrate a clear social mission addressed by the social enterprise)
Businesses that have applied for the Coronavirus Job Retention Scheme and the Self-Employment Income Support Scheme are eligible to apply for this scheme.
To be eligible for this discretionary grant, your business must meet the following criteria:
- The main part of the business has had to close by law due to the national restrictions in place from 5 November to 2 December, and they do not hold a rating liability for National Non-Domestic Rates (business rates). If a business has changed its business model to continue operating in some way during the national restrictions (e.g. operating a click and collect or takeaway service) they will still be eligible if the main part of the business has been required to close. Under this category businesses must have been required by law to close, not have chosen to close.
- Businesses that, whilst not having to close, have been affected by the closure of other businesses – in particular, businesses in the supply chain to closed businesses, such as wholesalers which supply restaurants/cafes/pubs, events businesses, photographers or conference businesses.
- Have a trading/operating address in the London Borough of Croydon, regularly operate in the London Borough of Croydon, and have not received a grant from another local authority for the trading/operating address given.
- Were actively trading (buying/selling goods or services) on 4 November 2020.
- Businesses must be small, micro or medium-sized, as defined in Section 33 Part 2 of the Small Business, Enterprise and Employment Act 2015 and the Companies Act 2006.
- Businesses must be the applicant’s main source of income (particularly relevant to the self-employed/sole traders).
- Turnover must have been at least £15,000 per annum during 2019/20 tax year (pro-rata if a newly established business).
- Businesses must demonstrate that they have suffered a fall of at least 20% income due to the COVID-19 crisis.
- Businesses must be fully established. It must not be in administration, insolvent or have had a striking-off notice made, either when the national restrictions came into effect, at the point of application, or when the grant is due to be paid.
- Businesses must not have been able to continue to operate as usual during national restrictions.
- Businesses must not have reached the state aid limit of EUR 200,000 over three years under the De Minimis Regulation, or EUR 800,000 under the COVID-19 Temporary Framework scheme for the UK (different thresholds apply to agriculture, fisheries and aquaculture business).
You will need the following information and evidence to complete the application and demonstrate loss in income of at least 20% as a direct result of COVID-19:
- Bank statements for the last three months for the account into which you would like the grant to be paid
- Evidence of the fixed ongoing building-related costs (for example, copy of signed lease, contract, licence, membership of co-working or mortgage agreement, building insurance documentation).
- Profit and Loss summary from April 2019 to November 2020
- Xero / Sage / Quickbooks or equivalent Balance Sheet
- Your last year’s audited accounts (if applicable)
- Company registration number
- Business rates account number (if applicable)
- Turnover for last year of audited account
- Balance sheet total for last year of audited accounts showing a monthly breakdown where possible
- Business bank account details which the grant would be paid into if successful
How to apply
Complete the online application form before 15 January and provide all the evidence required.
Do not complete this form if you have a business rates (NNDR) account in your name and your business was forced to close due to national restrictions on 5 November 2020, as you will not be eligible for this grant. If your business falls into this category, you can register for other business support.
We have received a limited amount of funding and if there is significant demand, it may not be possible to pay all eligible businesses who apply.
All grant awards will be made at the discretion of the council and we reserve the right to vary the terms of the scheme at any time, and without notice, should it be necessary to do so.
If you have any queries about the grant, criteria or application process, contact: