Urban Echo News 

New Bradford city centre scheme to entice businesses to the top end of town is launched

A new Bradford city centre scheme to entice businesses to the top end of town has been launched.

Entitled the Priority Streets Scheme it will offer a package of assistance to pay for property improvements and equipment along with business rate rebates, both subject to job creation.

The scheme is available to property owners or tenants who want to bring vacant ground floor premises back into commercial use in Darley Street, Kirkgate, Ivegate, Rawson Square and Rawson Place.

Businesses able to benefit include financial, legal, business and professional services; leisure and retail; green technologies, creative and digital industries and some social enterprises.

Bradford Council Leader, Cllr David Green
Bradford Council Leader, Cllr David Green

The scheme is being delivered under the EU Minimis State Aid regulations and means applicants can apply for up to 200,000 Euros (approx £141,000 today). It will fund up to 50 per cent of the cost of property improvements, machinery and equipment.

All applicants must complete a City Centre Business Growth Scheme form and interested businesses are asked to contact Bradford Council’s Invest in Bradford team on 01274 437727 or www.investinbradford.com

Applicants must provide one year’s audited accounts; a cash flow forecast for the next 12 months including capital expenditure; plans or drawings for intended works; full costings and timescales. Applicants with costs of less than £3,000 will not be considered.

Successful applicants will be given up to £16,000 worth of business rate rebate per new full time equivalent job created for up to three years.

Bradford Council leader Cllr David Green said: “Bradford is booming now and it’s a good time for businesses and investors to move into the city centre.

“Footfall has increased massively throughout the city centre since the Broadway opened and I’m sure this feel-good factor will spread through the whole town.”

 

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