Black, Asian and minority ethnic grant – from February 2022

Supported by Croydon Council

These grants are for businesses who have seen a loss of income of at least 10% due to COVID-19.

To be eligible, businesses must be Black, Asian or minority ethnic-owned with fixed property costs trading in Croydon.

Grants of up to £2,000 (£1,000 for home-based businesses, £2,000 for businesses with commercial premises) will be allocated on a first-come, first-served basis. To avoid any delay on applications, businesses must provide all information and evidence needed within the online form.

Businesses must have evidence of fixed costs, this grant cannot be used for wage subsidy.

Who can apply?

All types of organisations including but not limited to:

  • limited companies
  • community interest companies
  • limited liability partnerships
  • sole traders (note market traders must operate a minimum of 5 days per week in Croydon)
  • partnerships
  • social enterprises (must be able to demonstrate a clear social mission addressed by the social enterprise) charities with an active trading arm
  • home based businesses and businesses with commercial premises

Businesses that have applied for the Coronavirus Job Retention Scheme and the Self-Employment Income Support Scheme or are in receipt of a Bounce Back Loan are eligible to apply for this scheme.

To be eligible, businesses must have:

  • a registered or trading address in the London Borough of Croydon
  • been trading on the 1 October 2021
  • seen a minimum 10% reduction in income (which can be evidenced)
  • a turnover of £10,000 per annum
  • Black, Asian or minority ethnic ownership
     

Businesses not eligible include companies:

  • that are in administration
  • that are insolvent
  • where a striking-off notice has been made

Businesses must comply with the new subsidy control rules and be compliant with the additional restrictions guidance. 

Your business premises does not have to have remained open throughout the whole of the pandemic.

Businesses must have evidence of fixed costs, this grant cannot be used for wage subsidy.

Supporting evidence

You will need the following evidence in PDF format to complete the application and demonstrate loss in income of at least 10% as a direct result of COVID-19:

  • bank statements for the last six 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 or rent agreement) and evidence of payment of building costs (note, costs for storage units or virtual/postal addresses are not eligible)
  • profit and loss summary for 12 months (2019/2020)
  • company registration number

The bank account number and sort code you provide in the application form should match exactly that of the bank statements provided as evidence.

Please provide all evidence in PDF format. We cannot accept photographic images.

After submitting your application you could be asked to attend an in-person interview before a grant is paid.

To apply for this Black, Asian and minority ethnic grant, please click HERE. You will be taken to the Croydon Council website to register your application.

If you would like to see other Business Support grants you could be eligible for, please CLICK HERE.

All the best!

 

 

 

 

 

Croydon Division of South East London Chamber of Commerce

Our qualified business consultants with proven business acumen will provide expert-level advice to individuals and businesses in their areas of expertise.

We are delighted to give you your personal invitation to become a member and aim to support you out of the hardships faced because of the pandemic.  

As a valued member of The Croydon Division of the South East London Chamber of Commerce, you join a growing network of professionals who want to take their business to the next level. You also belong to a unique organisation with a strong campaigning voice for business to local and national government.  

Your business can access a range of services, networking events and support including:  

  • Free 15 months membership to the Croydon Division of South East London Chamber of Commerce.
  • Free access to legal, tax and HR advice through our Chamber Cover.
  • A business profile in our directory - local authorities and other businesses use our directory to track down new suppliers and customers.
  • Invitation to the best networking events around.
  • Opportunities to share your knowledge with others and promote your business.
  • You'll benefit through our affiliation to the London Chamber of Commerce and Industry who are in turn, accredited to the British Chamber of Commerce.
  • Workshops and Webinars on how to apply for grants, business support and further advice for your general business.
  • Promotion of your company news through our weekly e-zine, Masthead Light, website and via our Instagram, Twitter and LinkedIn pages.
  • Free copy of our quarterly business Magazine, The Masthead.  Published by Benham Media, members receive a 20% discount on advertising rates.

Julie Agbowu, Board Member of South East London Chamber of Commerce and Croydon Division Lead said:  

"Our vision for the Croydon Division of the South East London Chamber of Commerce is to support the micro, small and larger businesses across Croydon to leverage the strengths of these businesses for the benefits of the residents across the borough."  

If you would like to become a member and have access to these free benefits, follow the instructions via the link below https://www.youtube.com/watch?v=iKEi_rHe2sE  

We look forward to hearing from you.