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Croydon Business News W/C 15th March 2021

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A message from Councillor Hamida Ali, leader of the council

On Monday, Croydon Council agreed its budget for 2021/22 following our acceptance of a government offer for a capitalisation direction.

Now the budget is set, as leader of the council my absolute focus is ensuring we deliver it. This means continuing to improve how this council is run, living within our means yet providing the best services we can. Our budget will give priority to supporting adults and children in need, keeping the borough’s streets clean and safe, and addressing gaps in our funding caused by the demands of tackling Covid-19, which has already cost Croydon over £46m.

It also means finding further savings, improving our financial discipline and doing everything we can to put our finances on a sustainable footing. While setting this budget lifts the section 114 notice, our top priorities remain improving the council’s financial rigour through tight budget controls and focusing on supporting local people who need us most.

Next year’s approved budget includes a 1.99% council tax rise for Croydon services, and a 3% precept to look after the borough’s older and most vulnerable residents, which is what government is expecting in local authorities’ spending calculations. Along with the proposed Greater London Authority contribution, this means an overall increase of 5.83%, with an ‘average’ Band D property’s household paying an extra £2 per week. We did not take this decision to raise council tax lightly, but it means we can protect core council services and address funding gaps caused by the demands of our Covid-19 response. It also means there is around £84m extra to support our vulnerable adults.

We know many local residents have been hit hard by the pandemic, which is why our Council Tax Support Scheme will continue to help over 30,000 Croydon households. Your council tax makes a big contribution to our ability to fund key local services and we are determined that this council budget does this while we live within our means. And I promise you that we will continue to focus on delivering good-quality, core services to local people, especially those who need it most. You can find out more about our budget here.

Useful Links:

Evening and Night time Economy Grant –  for venues who bring our town and districts to life in the evenings

Support Grants for Businesses – including the Local Restrictions Support Grant available to eligible businesses with a Business Rates Account Number (Croydon Council are awaiting guidance and will update this page once this information is received). And the Additional Restrictions Grant, available to eligible businesses that don’t have a Business Rates Account Number.  There are more payments of £2,000 to £10,000 available for businesses that apply and meet the eligibility criteria. The money is a grant, not a loan, so it does not need to be repaid

Use the Government Business Support Finder to see what support is available for you and your business.

Budget 2021
Covid-19 testing in the workplace
Free 1-2-1 support to help you navigate Brexit
Keep your business moving
Grow your business with BIG
London Business Hub – adviser support programme
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