A grant scheme is launching to support regeneration of commercial properties in Denbighshire town and city centres.
The Commercial Property Development Grant is open to commercial properties based in eight principal town and city centres across the county.
A property must be within the town or city centre boundaries of one of the following to qualify: Corwen, Denbigh, Llangollen, Prestatyn, Rhuddlan, Rhyl, Ruthin, St Asaph.
Denbighshire County Council secured funding from the UK Government Shared Prosperity Fund to offer capital investment grants to regenerate commercial properties located in Denbighshire town and city centres.
The grant scheme, which forms part of the wider Town Centre Property Improvement Scheme Project, can provide individual projects with a grant from £5,000 to £50,000 to develop and upgrade a commercial property.
Funding for up to 70% of a project to enhance the exterior of a commercial property is available through this scheme, with £50,000 being the maximum amount that can be applied for.
Applicants are expected to be able to fund the remaining cost of the project themselves.
Cllr Jason McLellan, Lead Member for Economic Growth & Tackling Deprivation, said:
“The Denbighshire Commercial Property Development Grant is a fantastic initiative targeting vacant, underutilised or untidy properties in town centres across Denbighshire to instigate improvements to visual amenity, stimulate investment, increase employment opportunities and improve the vibrancy of town centres.
“This new scheme will be an asset to any town centre-based businesses or commercial properties across the county looking to improve the exterior of their buildings to help enhance their premises and attract further business. Not only will they benefit the businesses in receipt of funding, but they will also lead to better presented town centres across Denbighshire that will improve the feel and perception of the areas, encouraging local people to take pride in their local town.”
For more information about the scheme and how to apply for a grant, visit the Denbighshire County Council website: https://www.denbighshire.gov.uk/en/business/funding-and-grants/commercial-property-development-grant.aspx
