Coronavirus support for businesses

Funding support for businesses

COVID-19 Recovery Grants from the London Business Hub

Eligible SMEs will have access to grants between £1,000-£5,000. The purpose of this funding is to help them access professional, legal, financial or other advice and /or new technology and other minor equipment to address their immediate needs in response to the impact of COVID-19.

The scheme opened on 16 October 2020 and due to the large volume of applications received, the London Business Hub has paused accepting any further applications and will reopen again on the 10 November 2020 for businesses working in the Visitor Economy on and for businesses working in all other sectors (Wider Economy) on the 17 November 2020.

London Business Hub have provided further guidance on the grant reopening dates via their website.

You can use Free webinar link for support with your application.

The video below is a webinar which discusses the criteria for the London Business Hub COVID-19 recovery grants.

Royal Docks Good Growth Fund

The Royal Docks Good Growth Fund is a new £13 million programme that will support a broad range of projects that can help to transform the Royal Docks. The fund will be used to support projects that are inclusive, innovative and which tackle some of the challenges facing the Royal Docks. It will also seek to support local economic activity, create new jobs and workplaces, and ensure these opportunities are accessible to the whole community.

This is a programme with potential capital grants of up to £3 million to deliver place shaping and development projects. Applicants are required to provide at least 50% match funding.

Applicants must either be based within the Royal Docks, or their activity must demonstrably benefit the Royal Docks) area.

More details together with the application form can be found by on the royaldocks.london website.

The Foundation for Future London Fund, through funding from Westfield Stratford City, has created the Westfield East Bank Creative Futures Fund:

The Medium Grant Scheme is now open and the deadline for applications is 12 noon on Monday 30 November 2020. This fund is targeted at not-for-profit Groups, organisations, schools, businesses. This scheme offers £5000-£15000 pot of funding towards activities which supports the breaking down of barriers and tackling inequality by supporting residents across the boroughs access education, skills development and employment opportunities.

The Large Grant Scheme is now open and the deadline for applications is 12 noon on Monday 30 November 2020. Applications for the Large Grant Scheme will only be accepted from not-for-profit partnerships and/or consortiums or projects that show a true and equitable partnership and co-designed approach and/or are cross borough projects. Grants of between £15,000 and £50,000 are available for projects and activities running for a maximum of 18-months.

If you’re looking for funding that supports local projects and residents in Newham, please visit https://future.london/grants/ for full eligibility and application guidelines.

Pay It Forward

The GLA is offering 100% free fundraising to help businesses raise vital funds and stay afloat, rebuild and recover from COVID-19. A number of cultural venues across London are already benefiting from these scheme. For more information visit https://payitforward.london.gov.uk/