Issue details

OD/19/55 Ipswich Retail Grant Applications

Using funding from a S106 Agreement and funding from the existing Economic Development budget a £25,000 small grant scheme fund has been set up to provide help for independent retailers and facilitate investment in the town centre.

 

Grants of up to £1000 are available to new and existing small independent businesses to fit out or improve the visual look and appearance of the shop in order to encourage more visitors to the area and improve spend. This can include changes to layout, redecoration (internal and external), new fixtures and fittings, and signage.

 

The grant will need to be matched with an equal sum of money (if the grant requested is £500, businesses will need to find £500 of match).

 

The scheme is designed:

·         To bring empty units back into use enabling the creation of new employment opportunities

·         To encourage new business opportunities in the town centre

·         To promote and assist in providing a vibrant and mixed retail offer

·         To enhance the aesthetic appeal of retail areas/centres in the town

 

The scheme was open to any eligible business to apply for and featured in the local media.

 

A first batch of applications has been received and assessed and the following applications have met the criteria and are recommended for approval:

 

Business Name

Value of Grant

Purpose

Image Beauty Salon

£1000

External decoration

Berridges Jeweller

£1000

Refurbishment of jewellery showroom

Woodward Markwell Insurance Brokers

£1000

Extension of business incorporating new shopfront, new door and signwriting

Swan and Hedgehog Public House

£1000

Repainting and replacement signage

Arlingtons Restaurant

£1000

Refurbishment of shopfront including new window vinyls

 

Investment

There are sufficient funds in the economic development budget for this commitment.

Decision type: Non-key

Decision status: Recommendations Approved

Wards affected: Alexandra; St Margaret's; Westgate;

Notice of proposed decision first published: 13/11/2019

Decision due: 12 Nov 2019 by Officer Decision

Decisions

Documents