Trafford Retail Shops Improvement Grant
Starting a new business or looking to give your existing retail shop in Trafford a facelift? Well, you’re in luck! The Trafford Shop Improvement Grant is here to help. This capital grant scheme offers a one-off grant to support the refurbishment of town centre retail premises, with a maximum grant amount of £10,000. However, in exceptional cases, Trafford Council may award larger amounts based on the delivery of specific outputs. Interested? Read on to find out all the details and how you can apply.
Trafford Retail Shops Improvement Grant: Everything You Need to Know
The Trafford Shop Improvement Grant is designed to help new and existing businesses in Trafford grow by providing financial support for refurbishing retail premises. Let’s break down the essentials of this fantastic opportunity.
Key Details of the Grant
- Maximum Grant Amount: £10,000 (with potential for larger amounts in exceptional cases)
- Match Funding: Applicants must evidence a minimum of 50% match funding.
- Funding Source: UK Shared Prosperity Fund (DLUHC)
- Opening Date: 25 March 2024, 12:01am
- Closing Date: 30 September 2024, 11:59pm
Who Can Apply?
To be eligible, the applicant must be the tenant or owner-occupier of a retail property. Guarantors are not accepted. If demand exceeds available funding, priority may be given to applications that:
- Offer a unique or enhanced service.
- Are likely to create more jobs and increase footfall.
- Invest a larger amount of their own funds.
- Provide or upgrade accessible facilities.
- Are located in priority areas identified by the Council.
What Can the Grant Pay For?
The grant covers capital expenditures such as:
- Frontage improvements
- Signage
- Access improvements
- Interior refurbishment and decoration
- Windows and door replacement
- External/internal lighting
Applicants should aim to enhance the property’s Building Emission Rate (as detailed on the Energy Performance Certificate) and improve accessibility for customers where possible.
What the Grant Won’t Cover
The grant cannot be used for:
- Reclaimable VAT
- Non-related investment opportunities
- Marketing costs
- Wages
- Purchase of stock
- Payment for professional services (e.g., legal advice, accountancy)
- Any revenue costs
Payment Schedule
Successful applicants will receive 50% of the agreed grant amount upfront, following the submission of required evidence (e.g., signed lease, planning permission). The remaining 50% will be paid upon completion of the works, contingent on proof of work done (e.g., before and after photos, final invoices).
Post-Grant Requirements
Recipients must start the agreed works within three months of the grant offer date and complete them within six months or by February 2025, whichever is sooner. The Council will publicize the grant award and the completed works, including photographs and quotes from the business.
How to Apply
Ready to take the next step? Apply for the grant via the application button on our website. You’ll need to upload several documents, including:
- Business plan
- One-year cash flow forecast
- Lease agreement (if applicable)
- Written consent from the landlord
- Right to work and personal identification
- Evidence of match funding
- Information on any previous government-funded grants received in the last two years
For more guidance, visit the GC Business Growth Hub or email the Inclusive Economy & Communities Team at Trafford Council at business@trafford.gov.uk with “Trafford Shop Improvement Grant” in the subject line.
Enhance Your Business with the Right Tools
While you’re upgrading your retail premises, don’t forget about your payment systems! At Payment Solution Guy, we’re offering a Free 1 Month No Commitment Trial for our Dojo Go Card Payment Machine. This cutting-edge payment system will streamline your transactions and improve customer experience.
Plus, choosing the right POS system is crucial for your business. Check out our guide on Choosing the Right POS System for Retail to make an informed decision.
Investing in your retail shop’s improvement can lead to significant growth and customer satisfaction. With the Trafford Shop Improvement Grant and the right tools from Payment Solution Guy, your business will be well-equipped to thrive in Trafford. Apply now and start your journey to a better, more successful retail operation!