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Home Business Economic Development Funding UK Shared Prosperity Fund Conwy - Key Funds Supporting Local Business Key Fund: Town Centre Grant

Supporting Local Business Key Fund: Town Centre Grant


Summary (optional)
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This project is funded by the UK Government through the UK Shared Prosperity Fund.

The UK Shared Prosperity Fund is a central pillar of the UK Government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. 

For more information, see the UK Shared Prosperity Fund prospectus on the GOV.UK website.

The fund would support our local (commercial or social) businesses by offering grants to support improvement to the external appearance of commercial properties, regeneration and the overall visual impact of the town centre.

Projects will be considered under UK Government defined Business Intervention W16:

  • Investment in open markets and improvements to town centre retail and service sector infrastructure, with wrap around support for small businesses

and deliver the following outcomes and outputs:

  • Outcomes:
    • Increased amount of investment
  • Outputs:
    • Number of commercial buildings completed or improved
    • Amount of commercial space completed or improved

Documents

Eligibility

To be eligible to receive investment support, businesses must be located in the County of Conwy, have been actively trading over 6 months and registered with HMRC.

The scheme offers funding of up to 80% on eligible capital expenditure for projects with awards offered from £3,000 up to £15,000.

Eligible works

Projects including (but not limited to):

  • Shopfronts including cosmetic and minor structural improvements
  • Improved display windows
  • Signage
  • Windows and doors
  • External lighting
  • Rainwater goods
  • Rendering, stone cleaning and re pointing

This enhanced grant scheme is discretionary and will be operated on a first come first serve basis dependent upon availability of funds and completion of the project within the detailed timeframe.

All offers of funding will be subject to approval of applications by a Grants Review Panel. This is a discretionary grant and the decision of the Grant Review Panel is final. There is no appeals process.

The grant will close to applications in September 2024 or at such time as the funds have been fully committed, if earlier.

Following confirmation of award all offers will need to have been accepted and have drawn down funds no later than 1 November 2024.

The Town Centre Grant is now closed.

For property improvement grant advice please contact:

Katie Minton-Rowlands
Development and Regeneration Project Officer

Telephone no: 01492 577329
Email: regen@conwy.gov.uk

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