Lisburn & Castlereagh City Council has announced the development of an Urban Investment Fund supported by the Department for Communities (DfC). This is the second proposed grant programme within the Capital Covid-19 Recovery Revitalisation Scheme.
Its aim would be to support the economic growth and resilience of the urban centres of Lisburn, Dundonald and Carryduff through the provision of grants for interior and exterior improvements to commercial buildings, expansions or repurposing of premises. The applicant must be a new business wishing to renovate a vacant property or an existing business planning to repurpose all or part thereof of a currently occupied property to expand their business or change the use of an area within.
Different levels of grant assistance may be available across business sectors ranging from £7,500 to £25,000 per business. The council will accept expressions of interest between 26th August and 25th September 2020. Eligible submissions will be invited to complete a full application in due course.
It is hoped this fund will help to reduce the number of vacant units in the local area by attracting new business investment and offer financial assistance to existing businesses to offset capital costs to reopen or repurpose their existing business premises.
For questions relating to the Urban Investment Fund please email email@example.com or contact the Council’s Business Support Helpline on 07715 269688.