More details on Islington Discretionary Grant Fund - apply today

Islington Council would like to invite startups to apply for a grant of up to a maximum of £5,000 as part of the Discretionary Grant Fund.

This scheme is open to small/micro businesses located in affordable and independent workspaces and operators of affordable and independent workspaces.

To apply, businesses will need to meet the following criteria:

  • Businesses with fewer than 50 employees
  • Businesses that were trading on the 11th March 2020
  • Businesses with a significant fall in income due to the COVID-19 crisis
  • Businesses with ongoing property-related costs from 1 March 2020
  • Businesses who are not eligible for the existing public sector COVID-19 responses, grant schemes
  • Businesses which agree to engage with council initiatives
  • Businesses which agree to engage with monitoring and evaluation activity to measure the impact of the fund
  • SMEs, which means you must satisfy two or more of the following requirements in a year:

1) Turnover: Not more than £10.2 million
2) Balance sheet total: Not more than 5.1 million
3) Number of employees: a headcount of staff of less than 50

Application process

The process will open from TODAY (15 June) and applications will need to be made online. You will need to provide the following scanned documents as evidence along with your online form:

  • Bank statements for the last 12 months or from your first day of trading (whichever is earliest)
  • Xero / Sage / Quickbooks or equivalent Profit and Loss summary from April 2019 to March 2020
  • Xero / Sage / Quickbooks or equivalent Balance Sheet
  • Business certificate of incorporation
  • A copy of your tenancy or rental agreement, your lease, your co-working membership agreement, your trading license or similar here