New grant available for Worcester retail businesses
Worcester City Council has launched a new grant to help businesses and organisations which are either moving into empty premises or looking to make improvements to their existing building.
The Retail Enhancement Grant will help fund interior renovations as well as improving the frontages and accessibility of empty and occupied retail units across Worcester. The grant is available for units used for purposes such as retail, hospitality, leisure, personal care services or provision of financial services.
Businesses moving into an empty unit can apply for a grant of up to £12,000 towards the cost of refurbishment.For those already in a retail unit, there is a grant of up to £6,000 for improvements to the internal appearance, frontage or access.Businesses must be able to make a 'cash match' contribution of at least 50% towards the costs of the proposed renovations.
The project is funded by the UK Government through the UK Shared Prosperity Fund.The Retail Enhancement Grant is part of Worcester City Council's allocation of £2.96m.
The scheme is designed to encourage longer-term occupation of vacant retail premises and improvements to existing shops to complement the wider investment in public realm and help ensure Worcester remains an attractive place to visit.
Cllr Robyn Norfolk, vice chair of Worcester City Council's Place & Economic Development sub-committee, said: "This is a great new initiative which will help retail and other similar businesses across Worcester. Increasing occupancy of vacant premises and enhancing the appearance of existing shops should help attract footfall and ensure that the city centre and other shopping areas remain vibrant and attractive places to visit."
The new Retail Enhancement Grants build on the Property Enhancement Grants that were delivered through the Future High Street Fund for properties in The Cross and Angel Street.However, the new grant is for retail properties anywhere within Worcester.