Friday, January 21, 2022

Stapleford Town Centre Recovery Fund opens

Applications are now open for businesses to apply for the Stapleford Town Centre Recovery Fund.

As part of the successful development of the Stapleford Town Deal Programme, a total of £1million has been allocated for the Town Centre Recovery Fund project.

The overall fund will offer grant support to high street businesses in Stapleford Town Centre, and will be split into two grants to support different aspects of business recovery:

The Business Continuity Grant (BCG) aims to support business resilience and growth over the long term, sustaining occupancy levels within Stapleford Town Centre. This grant will support existing businesses looking to expand the way they distribute their services. It is anticipated a maximum of £200,000 will be spent on this portion of the wider Town Centre Recovery Fund.

Under the BCG, eligible businesses will be able to apply for and receive up to a maximum of £10,000, although this higher amount does require match funding.

The Building Development Fund (BDF) is to create buildings of the future; improving accessibility, energy efficiency and the look and feel of Stapleford Town Centre. It is anticipated a maximum of £800,000 will be issued through this part of the fund.

Under the BDF, eligible businesses will be able to apply for and receive up to a maximum of £100,000, although this higher amount does require match funding.

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