Grants
To find out how the Business Vitality Scheme could benefit your business, please contact Business & Retail Investment on 01709 254888
Business Vitality Scheme
Rotherham Town Centre’s Business Vitality Scheme aims to help attract new, specialist independent retailers to set up business through financial contributions towards both rental & capital improvement costs.
50% towards Rental Costs in year 1
25% towards Rental Costs in year 2
75% of cost of Fit Out/ Shopfront Improvements and/ or New Street Café Furniture
(with a maximum contribution of £7,500).
The scheme offers successful applicants:
Businesses are invited to apply for a Rental Contribution, a Capital Improvement Grant or both.
What types of businesses are eligible?
Retailers not currently represented in Rotherham Town Centre
Retailers who are currently represented within Rotherham Town Centre but who
are looking to expand
The scheme is applicable for independent traders or franchisees that are not trading as part of a nationally or regionally owned chain operating more 9 or more outlets including:
The scheme specifically aims to support those specialist retailers offering a niche product range that will positively contribute to the overall town centre offer. As such a priority category list has been drawn up and the scheme is applicable to those businesses that fit into one or more of the categories.
Which Properties are included?
Are located within a defined boundary in Rotherham Town Centre
Have a maximum rental value of £25,000 per annum (at the time the grant is approved)
Are available on a permanent let (for a minimum period of 5 years)
The scheme is applicable for properties that:
The scheme is not applicable for those businesses who have already signed a lease or tenancy agreement.
How to apply?
Potential applicants are asked to contact the Business & Retail Investment Team to discuss their business proposal.
