Businesses in Nottingham’s Old Market Square and the Lace Market offered financial incentives to bring shop fronts back to their former glory

Businesses in Nottingham’s Old Market Square and the Lace Market have been given the chance to apply for cash to restore their shop fronts to their former glory.

Nottingham City Council has secured £551,500 from Historic England to conserve buildings in both the Lace Market and Old Market Square. A further £79,750 has been allocated by the City Council, while £297,250 will be provided by private investment.

Nearly £1m is being spent on repairing and replacing 30 shop fronts in both areas. Some of the money will also go towards repairing listed buildings and 20 historic buildings.

Businesses with modern shop fronts in historic buildings, based in the Old Market Square and Lace Market, can now apply for grants of up to 75% of cost to restore their shop front.

The funding is part of a five year project, costing £2.7m aimed at saving and transforming historic and neglected buildings in Old Market Square, the Lace Market, and Sneinton Market.

Cllr Jane Urquhart, Portfolio Holder for planning, housing and heritage, said: “We’re really proud that Nottingham was chosen as one of the first ‘Heritage Action Zones’ by Historic England earlier this year, which aims to help transform historic places and promote growth through heritage-led regeneration. Our historic buildings and structures add to the city’s unique character and creates a sense of place specific only to Nottingham.