Funding and support

Local and national funding programmes available for businesses

We are often sent information about business support programmes, grants and competitions.  We have collated them here for easy access.  Information correct at the time of writing, please always check the relevant website for more information and application process. For specific coronavirus funding information go here.

Growing London’s social economy

The Mayor of London has partnered with Co-operatives UK and Power to Change to support community businesses in Greater London. We want to grow the social economy and support community businesses looking to take community ownership of local public assets.

There are two types of support available:

Track 1: Start-up support

Applications for Track 1 start up support closed on 12 March 2021.

Track 2: Development grants

Grants of up to £10,000 are available to support the development of your community share offer. The grant will fund specialist advice to help you:

  • Create high quality share offer documents
  • Undertake a Standard Mark assessment, the quality assurance mark for community shares
  • Develop a promotional campaign (to reach potential community shares investors)
  • Select the right web platform and cover costs of hosting the share offer online

Organisations can apply for both, as long as they meet the eligibility criteria outlined in the application guidance.

Applications for Track 2 open on 29 March and close on 3 May 2021.

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The Mayor’s Resilience Fund

The Mayor’s Resilience Fund is an innovation programme to support London’s businesses and community groups recover from the coronavirus crisis and and work with innovators to design, test and scale creative, impactful solutions to overcome them. There are two delivery phases:
· Delivery Phase 1: In May, up to 40 finalists will be selected from the entries (up to four per challenge) and awarded £10,000 each to develop their solutions over approximately five weeks.
· Delivery Phase 2: In June, 10 winners (one per challenge) will be selected to implement their ideas and awarded up to £40,000 each to further develop their solutions between June – September 2021.
Deadline: 1 April.

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Business Growth Loans

Business loans for companies that can’t get funding from banks and other mainstream providers. Growing, successful and profitable businesses that have been trading for 12 months or more. From £3,000 to £100,000.

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Start Up Step Up London

Start Up Step Up London is an innovative LEAP Growth Hub/ESF programme designed to help Londoners access entrepreneurship and improve their enterprise skills at this critical time for our economy.

Delivered by visionnaires part of Capital City College Group with partners across London, participants will benefit from visionnaires groundbreaking start-up programme, targeted skills training and one-to-one coaching & mentoring.

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Mayor of London’s Back to Business Fund

The Mayor’s £1m Back to Business Fund will offer up to £5,000 in match funding to small and independent businesses through the Pay It Forward London crowdfunding platform.

Find out more