Businesses across Croydon are suffering, but support is available and not everyone who is eligible has applied.
Eligible small businesses are entitled to a funding grant of up to £10,000 if they pay little to no business rates. If you have not already been contacted, you can enquire about eligibility by filling out the form here.
Businesses in the retail, hospitality and leisure sectors may be eligible for a cash grant of up to £25,000 per property.
If your business has a rateable value of:
· up to £15,000, it may be eligible for a grant of £10,000
· over £15,000 and less than £51,000, it may be eligible for a grant of £25,000
With the barrage of information that everyone has had to absorb over the past few weeks, it wouldn’t be a surprise if some business owners were not aware of the council support on offer – so if you have a business, please do check to see if you are eligible here.
Qualifying businesses can also benefit from business rates holidays for the 2020-21 financial year.
If you own a pub with a rateable value of under £100,000, your business relief will increase for one year from £1,000 to £5,000.
There is also an array of further business advice and support available via the link below.
Please see here for more information about what business rates relief and grants are available through Croydon Council.