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.
Through the Back to Business Fund, businesses will get financial help to expand their operation online and to adapt to safe, socially distant trading. It could be used for such things as new Perspex screens, contactless payment technologies or the adoption of tried and tested technologies such as e-commerce.
Pay It Forward London is a crowdfunding platform that enables businesses to raise vital funds and stay afloat, rebuild and recover from the impacts of Covid-19 through crowdfunding. Since its launch in April, over 4,000 Londoners have donated over £280,000 to support their favourite local businesses.
Applications opened on Monday 10 August. Start crowdfunding and receive coaching support from Crowdfunder to prepare you for your funding application: https://payitforward.london.gov.uk/fund .