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27th Jun 2019 in Business

Businesses within Cathedral Quarter can spruce up their look, fix up their external look and look sharp as the Cathedral Quarter Business Improvement District launches its Property Investment Fund.

Designed to support the businesses and landlords throughout the area, up to £1,000 is available to improve frontages.

Cathedral Quarter BID Manager, Gareth Neill, explained: “Whether it is a wonky sign, paintwork, lighting or improving guttering this is an exciting opportunity to help the entire Smithfield Union and Cathedral Quarter to improve how it all looks.

“This business support grant will help all to improve the physical aesthetic of the entire area, and individual businesses.”
Examples of the type of external work include shopfront signage, painting, windows, lighting, guttering; weed removal and other types of work to the look of the businesses.

“The objective of the fund is to improve the image and experience for those working, and spending time in the area,” said Gareth. “That CQ BID is offering support up to a £1000 in financial support through this innovative fund is a demonstration that we are working together and we welcome all proposals.

“The Property Improvement Fund has the potential to make a real difference, and the work will, we believe, be done in a traditional and sympathetic manner, through repair of existing traditional features or reinstatement of historic architectural details.”

The scheme aims to encourage the creation of attractive frontages, to enhance the character of the area, which could have significant economic benefits. High quality, well maintained frontages are more inviting for local residents and visitors, contribute towards a stronger sense of identity and enhance commercial values.

Applications are welcomed from freehold owners, and leasehold tenants, as long as the terms of their current lease arrangement on the property are appropriate, and there is a minimum of three years left on the lease term and they have owner’s consent.

Gareth said: “The scheme will prioritise small and independent businesses, and be inclusive.

“The Fund is available to make a request for up to £500 for a standalone property improvement or funding is available of up to £1000 if matched by the business/landlord.”

All grants are discretionary and subject to the availability of funds. Cathedral Quarter BID reserve the right to amend or withdraw the scheme at any time. There is no automatic entitlement to a grant. Each application will be considered on its own merits and in accordance with this guidance. The scheme will not support works that have already been undertaken or any works which are started prior to a formal offer of grant funding having been made.

How to apply and terms & conditions

Destination Cathedral Quarter BID reserve the right to amend or withdraw the scheme at any time. There is no automatic entitlement to a grant.
Each application will be considered on its own merits and in accordance with this guidance. The scheme will not support works that have already been undertaken or any works which are started prior to a formal offer of grant funding having been made.
Once an application is approved you carry out the work within 3 months. Upon receipt of invoices, we will reimburse applicant for property improvements within 7 working days.

What is not included: Design/Drawings and Professional Technical advice; this fund is dedicated to material costs for improving your business.

To make an application contact Steph on 028 90 314 011 or email stephanie.garner@destinationcq.com

 

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