Business Incentive Scheme
-
Upload
ismail-rajur -
Category
Documents
-
view
223 -
download
0
Transcript of Business Incentive Scheme
-
8/2/2019 Business Incentive Scheme
1/10
Business Incentive Scheme
-
8/2/2019 Business Incentive Scheme
2/10
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.
-
8/2/2019 Business Incentive Scheme
3/10
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 TownCentre 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 occupycommercial premises/shops that have been vacant
over an extended period of time.
-
8/2/2019 Business Incentive Scheme
4/10
Objectives of Scheme
To encourage diversity of retail opportunitieswithin 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 toestablish in areas where there are severalvacant shops.
To provide income to Dundalk Town Councilthat otherwise will be written off as bad debts.
-
8/2/2019 Business Incentive Scheme
5/10
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 hasbeen 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 leasebeing signed by the new occupier. Evidence of
lease to be provided to Dundalk Town Council.
-
8/2/2019 Business Incentive Scheme
6/10
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
-
8/2/2019 Business Incentive Scheme
7/10
Building location
Clanbrassil Street
Bridge Street
Church Street
Linenhall Street
Market Square
Earl Street
Francis Street
Crowe Street
Park Street
Dublin Street
-
8/2/2019 Business Incentive Scheme
8/10
-
8/2/2019 Business Incentive Scheme
9/10
-
8/2/2019 Business Incentive Scheme
10/10
Business Uses not covered by
the Scheme Takeaways
Amusement arcades or premises with gaming
machines
Head shops
Betting offices
Nightclubs
Premises where unauthorised development hastaken place or which are subject to enforcement
proceedings.