A NEW grant-based
incentive scheme has been launched by Donegal County
Council. The Commercial Rates Incentive Scheme aims
to regenerate and revitalise town and village
centres in Donegal by increasing the number of
businesses trading and reducing the number of vacant
commercial premises.
The scheme is designed to encourage new businesses
to locate in commercial properties in town and
village centres and should be of interest to
entrepreneurs, landlords, property owners and anyone
considering setting up in business.
Grants are available, subject to certain conditions,
to new businesses that set up in commercial
properties that have been vacant for over two years.
The grant is designed to offset the commercial rates
liability for new businesses in their first three
years of trading; with a 75% reduction in Year 1,
50% reduction in Year 2, and 25% reduction in Year
3.
It is hoped that the scheme will improve the
commercial and retail mix in town centres and will
benefit existing businesses by increasing footfall.
The scheme is targeted at businesses such as
shops/retail units, offices, crèches and childcare
facilities, health/medical clinics and businesses
operating in the wellbeing and personal care areas.
Further information and applications forms are
available from
Donegalcoco.ie or
ratesincentive@donegalcoco.ie or by contacting
the Council directly on 074 91 53900. |
