The council is extending its Town Centre Improvement Scheme to those shops and business which suffered criminal damage over the last few days.
On Monday looters damaged shops in and around Clapham Junction with stores on St John’s Road suffering major damage.
Council leader Ravi Govindia vowed the borough would “do everything in our power to help our local businesses repair the damage they’ve suffered as quickly as possible.”
The council says the grants will allow traders to “get back on their feet much sooner” and says that although larger chains will be eligible to apply for help, “smaller businesses will be prioritised.”
Cllr Govindia added: “While many of our businesses have suffered badly over the last few days I am heartened to report that the atmosphere in our town centres is very positive and for the vast majority of our shops it is business as usual.
“In Clapham Junction, our worst hit area, local residents started arriving at the scene to help clean up within just a few hours of the looting. It has been an inspiring reaction from the community and I wish to thank the hundreds of people who took part and the thousands more who gave messages of support.
“We can all do our bit to help over the coming weeks by making sure we visit our town centres and use our local shops.”
The borough has also begun work to identify shops which could be eligible for a business rates exemption or reduction from the Valuation Office Agency.
Information on applying for help from the scheme can be found at www.wandsworth.gov.uk/business
