£1m Town Centre Recovery Fund Announced for Stapleford Businesses

£1m Town Centre Recovery Fund Announced for Stapleford Businesses

03/12/21 - Following approval back in November of the six core projects from the Stapleford Town Deal programme, the Town Deal Executive Board are pleased to announce the launch of the first project – the Town Centre Recovery Fund.

A total of £1m has been made available for the Town Centre Recovery Fund.

The 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.

  1. The Business Continuity Grant 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.
  2. The Building Development Fund 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.

The Chair of the Stapleford Town Deal Executive Board says, “The launch of the Town Centre Recovery Fund will provide aChair of the Stapleford Town Deal Executive Board fantastic opportunity for businesses in Stapleford’s high street, to develop their own proposals for how the Town Deal can collaboratively invest in their businesses, improve the building stock in Stapleford, encouraging more investment in the area”

“The Executive Board knew this financial commitment was vital for the town centre, which is why the Fund was included in the Town Investment Plan, and see the £1million of total grant support over the next 12 months as a catalyst for Town Deal Programme and its various projects as they move into delivery phase in early 2022”.

The fund will open to applications on Monday 10 January 2022.

Applicants will be encouraged to use an online application form once the link is made available in the new year.

In order to provide businesses in Stapleford Town Centre, which may look to make an application for grant funding, a number of supporting documents have now been published on the Council’s Town Centre Recovery Fund webpage. 

This early information on the fund will assist businesses who might consider their proposals for grant funding, understand and interpret the Stapleford Town Investment Plan (TIP) and seek quotations (where applicable) to carry out works in good time.

Further information will become available in the lead up to the application open date.


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