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Key takeaways
- Croydon offers council-backed grants, loans, and business support through Start Up Croydon and Enterprise Nation
- You must register with HMRC or Companies House depending on your business structure
- Free digital skills training is available via CALAT, Croydon Digital Skills Hub, and local libraries
- Networking events like First Friday Mixer and Connecting Croydon help entrepreneurs build local contacts
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Thinking of starting a business in Croydon? You’re in the right place. This guide covers everything you need to get going, from registering your business and applying for council-backed funding to finding free training and connecting with local entrepreneurs.
Croydon is becoming a thriving hub for new ventures, and with HOLD opening a new self storage facility in the area, growing businesses can get extra space, flexibility, and support.
Table of contents
- Why start a business in Croydon?
- First steps: getting your business off the ground
- Croydon Council business start-up support
- Funding options and business loans
- Step-by-step checklist for registration and compliance
- Hidden support: Digital skills workshops and networking
- Key admin tasks and compliance
Why start a business in Croydon?
Strategic location: Croydon offers quick access to London and the South East, making it ideal for companies targeting a broad market.
Active support networks: Entrepreneurs benefit from a wide range of support services, including business advice, mentoring, and networking.
Council-backed initiatives: Croydon Council offers grants, business loans, and workspace solutions to help your business grow.
First steps: Getting your business off the ground
When starting a business, one of the first key decisions is choosing the right business structure. You’ll need to determine whether to operate as a sole trader, enter into a partnership, or establish a limited company.
This choice affects how you register, either with HMRC or Companies House, depending on the structure you select. It’s essential to weigh the pros and cons of each option carefully, as they carry different implications for tax responsibilities, liability, and regulatory compliance.
Equally important is creating a well-structured business plan.
Start by clearly defining your business idea, identifying your target market, and gathering key data on competitors. Research potential funding options such as start-up loans and government grants.
A comprehensive business plan should also outline your marketing approach, investment requirements, and strategies for growth.
A solid plan not only serves as a roadmap for your venture but is also crucial for securing loans or attracting equity investment.
Croydon Council grants and business support programmes
Council services and programmes
Start Up Croydon: Three-day business course, mentoring, and serviced offices for startups.
Enterprise Nation Bootcamps: Free three-week bootcamps for Croydon entrepreneurs aged 18–35, blending online and in-person sessions.
Business Support Directory: Listings of local professionals for business advice, finance, and workspace.
Additional support services
Croydon Business Support Programme: Free expert support, including marketing, sales, and recruitment advice for local businesses.
Co-working spaces: Flexible office solutions for startups and small business teams.
Funding options and business loans
Start Up Loans Company: Government-backed start up loan up to £25,000, plus business mentoring.
Virgin Start Up Loans: Personal loans from £500 to £25,000 for founders.
Council grants and local schemes: Visit Croydon Council’s business support page for current offers and eligibility.
Crowdfunding and equity investment: Explore platforms like Kickstarter, or seek out angel investors and venture capital for extra capital.
Interest rates and costs: Compare rates and repayment terms before committing to any loan or grant.
How to start a business in Croydon: Key first steps
- Choose your business structure
- Decide between sole trader, partnership, or limited company.
- Register with HMRC or Companies House.
- Register your business
- Register for tax: Register as a sole trader or Register a limited company.
- Choose and register your business name if required.
- Apply for licences and permits
- Check if your business needs a licence (e.g. food, alcohol, entertainment).
- Croydon council licence applications.
- Food business registration form.
- Register for VAT (if required)
- If your turnover exceeds the VAT threshold, register with HMRC.
- Set up business banking and insurance
- Open a business bank account.
- Arrange business insurance (public liability, employers’ liability, etc.).
- Keep accurate records
- Maintain financial records for tax and legal purposes.
- Understand requirements for business stationery and digital communications.
- Employer responsibilities
- Register as an employer with HMRC if you hire staff.
- Set up payroll and comply with workplace pension requirements.
Free digital skills training and business networking in Croydon
Digital skills workshops
CALAT Digital Skills: Free and accredited digital skills courses at Croydon Clocktower, suitable for beginners and those seeking employment. Free for those on a low income or claiming benefits.
Connect Up Croydon Digital Inclusion: Free digital skills sessions at Croydon libraries, covering essential skills, online safety, and accessing digital services.
Croydon Digital Skills Hub: Based at Croydon College, offering qualifications in digital skills, coding, and marketing.
Networking meetups and events
Connecting Croydon Business Networking: Regular events for business owners and charities to connect, share, and learn.
Start Up Croydon events: Weekly and monthly networking sessions, including “I Mean Business” for women entrepreneurs and “First Friday Business Mixer” for all business owners.
BNI Compass Croydon: Weekly meetings and social events for local businesses.
Croydon BID events: Forums and informal gatherings for the business community.
Conclusion
Starting a business in Croydon offers access to valuable support, funding, and networking opportunities tailored to help entrepreneurs succeed. By following the practical steps and making use of local resources, you can confidently build and grow your small business in this dynamic area.
Make business moves easier with HOLD Self Storage
Starting a business often means juggling stock, equipment, and paperwork. HOLD Self Storage offers secure, premium business storage for local businesses and startups.
While HOLD Croydon is coming soon, you can take advantage of our North London facilities nearby for your storage needs. Discover the convenience of our 24-hour storage units, offering round-the-clock flexibility to suit your schedule, and secure warehouse and stock storage.
Ready to get started? Get your free quote today.
Frequently asked questions
What are the official forms and links for Croydon food business registration?
You can find the food business registration form and application for food premises approval on the Croydon Council website. Visit the food business registration page for direct links.
How can I access hidden support like digital skills workshops in Croydon?
CALAT and Connect Up Croydon offer free digital skills workshops at local venues. Check Croydon Council’s digital training and courses page for current sessions.
Which online resources help with compliance and licensing applications in Croydon?
The Croydon council website provides up-to-date information and official forms for compliance, licensing, and business support. It’s the best starting point for all regulatory needs.
Are there networking meetups or events for food entrepreneurs in Croydon?
Yes, events like “Connecting Croydon” and “First Friday Business Mixer” are open to all entrepreneurs, including those in food businesses. These sessions are great for networking, advice, and collaboration.
How do I find out about under-publicised training or support programmes for new businesses?
Look beyond the main council site. Organisations like Start Up Croydon, Enterprise Nation, and CALAT often list new workshops, training, and support services on their websites.
