The Mayor of London has launched a £1m Back to Business Fund, match funding up to £5,000 for small and independent businesses through the Pay It Forward London crowdfunding platform. The funding is intended to help businesses expand their operation online, invest in the future and adapt to safe, socially distant practices in sectors that rely on physical trading, including retail, hospitality, leisure, tourism, travel, creative and arts, entertainment and recreation, and health and fitness.

To be eligible, your business will need a crowdfunding project on Pay It Forward London and reach 25% of your campaign target. Once 100% of your target is reached, the funding is released, up to £5,000 – or 50% of your campaign target.

For more details about eligibility, to set-up a project and to apply click here.