Local Economy Business Grants

The government allocated £2.4million for the council to distribute to local businesses under a local authority discretionary grants fund. The fund is aimed at small and micro businesses that were not eligible for the Small Business Grant or the Retail, Leisure and Hospitality Grant. 

However, it was expected that demand for this funding would be high and local authorities therefore needed to use their discretion to direct funding in order to best support their local economies. The council therefore agreed a policy on how to prioritise the allocation of these funds through a Local Economy Business Grants scheme.

The application window for this grant fund has now closed.

I have submitted my application. What happens next

We will process applications in the order in which they are submitted. If there are any queries about your application or the evidence you have provided the council will contact you to seek clarification. You will be asked to respond within a set timeframe.

Your application will either be approved or rejected. You will receive email notification following determination of your application.

Successful applications 

We will contact you to confirm the amount of grant that you will receive once we have processed all grant applications. We expect to do this in early July, with payments to businesses following later in the month. 

You may be required to provide further information in relation to your state aid declaration before a grant is paid. 

Payments will be made by BACs.

Unsuccessful applications

If your grant application has been unsuccessful, you will receive an email which will explain which of the eligibility criteria the council has determined that you have not met. 

If you have any further questions about the application rejection, you can email business@bromley.gov.uk. 

View the appeal procedure for this grant

How much will I get?

The council will seek applications from all eligible businesses before determining the level of grant to be awarded.  The amount of grant awarded will depend on your annual turnover, with one level of grant for businesses within each turnover bracket. The annual turnover brackets are set out below: 

  • More than £2million
  • £1million - £2million
  • £500k - £999k
  • Less than £500k

Need help?

If you have any questions about  your application, please contact us and a member of the team will get back to you as soon as we can.

Contact us about the Local Economy Business Grant