Business Incentive Scheme. The intent of the scheme is to provide a grants incentive for new...
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Transcript of Business Incentive Scheme. The intent of the scheme is to provide a grants incentive for new...
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Business Incentive Scheme
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Business Incentive Scheme
• The intent of the scheme is to provide a grants incentive for new businesses to locate in premises that have been vacant for a period exceeding two years and encourage diversity of retail opportunities within a designated area.
• This can provide the financial assistance that makes it attractive for new business to consider setting up in areas where there are several vacant shops.
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Objectives of Scheme
• Job Creation and employment• To actively promote the development and
enhancement of retail floor space in key streets in Dundalk Town Centre.
• To enhance the vitality and viability of the Town Centre and commercial well being of the town.
• To support the continued role of the town centre and its primacy in the retail hierarchy.
• To encourage NEW businesses to occupy commercial premises/shops that have been vacant over an extended period of time.
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Objectives of Scheme
• To encourage diversity of retail opportunities within the principal streets (as listed above) within the town centre /retail core of Dundalk.
• To provide limited financial assistance to make it more attractive for new businesses to establish in areas where there are several vacant shops.
• To provide income to Dundalk Town Council that otherwise will be written off as bad debts.
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Eligibility Criteria for the Business Incentive Scheme• Any premises which have been vacant for more
than two years would be eligible for a grant of 50% of rates in year one and 25% in year two.
• Two years would be the maximum allowed for the grant regardless of the time the premises has been vacant.
• In year 3 the full amount of the rates due must be paid in that financial year
• Conditional on a minimum of a three year lease being signed by the new occupier. Evidence of lease to be provided to Dundalk Town Council.
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Eligibility Criteria for the Business Incentive Scheme
• Landlord/Agent must offer to match reduction on buildings rent for first 2 years.
• The scheme shall not apply to any business or person who owes money to Dundalk Town Council
• The scheme shall apply to the authorised use of a premises only
• All applications will be reviewed on an individual basis
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Building location
• Clanbrassil Street • Bridge Street• Church Street• Linenhall Street • Market Square• Earl Street• Francis Street• Crowe Street• Park Street• Dublin Street
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Proposed use
• Use as a shop as defined under Class 1 of the Planning & Development Regulations 2001 (and any subsequent amendments).
• Office use as per class 2 and 3 of the aforementioned regulations
• Use for medical or health professional clinics
• Use as a crèche, day nursery or day centre
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Business Uses not covered by the Scheme
• Takeaways• Amusement arcades or premises with gaming
machines• Head shops• Betting offices• Nightclubs• Premises where unauthorised development has
taken place or which are subject to enforcement proceedings.