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New Funding for East Birmingham Industrial Corridors
The East Birmingham Industrial Corridors area focuses on the core employment activities located around the A41, A34, A45, A38 and A47. These are important arterial routes into and out of the city, where a variety of businesses and industries have located over the years.
The variety and quality of business premises varies considerably in the corridor areas and many properties are in need of redevelopment. Other sites in the corridor areas are underused or vacant and require investment to ensure businesses located within them continue to provide a high quality physical environment fit for modern day business developments.
We have recently secured funding from the European Union to primarily support small and medium businesses and enterprises within the corridor areas who wish to improve and develop their land and property. You are now invited to apply for this funding.
The emphasis of the grant is to help enable physical improvements to properties, generate employment growth, retain jobs, and enhance economic competitiveness.
To achieve this, the end use of the building would generally be for manufacturing and processing or office uses, as defined by B1 and B2 of the Planning Use Classes Order.
Please note retail, housing, education and leisure uses are not eligible. Talk to us if you are unsure.
Works could include new buildings, extending existing business premises, internal works, fixed plant and equipment, and demolitions, land clearance and reclamation which would lead to new business space.
Two levels of funding are available
Property Assistance Programme - Grants are available up to 50% of the eligible project costs, up to a maximum grant value of £100,000. Applications are still invited and will be considered on a first come first served basis, until the funding is allocated.
Key Opportunities Programme - Grants of up to 35% of the eligible project costs, from a minimum grant value of £100,000. Please note the call for applications in all areas has now closed.
If you have any queries relating to this, please contact us.
See the map below to find out if your property falls within the area eligible for funding assistance.
Programme priorities for the target areas are summarised in the Key Priorities document below.
As well as helping to save and create jobs, this funding will also help develop the corridors into high quality places to do business.
If you are interested in applying for funding the guidance notes and application forms are below. In the meantime, please contact us by email if you have any queries and before you submit you application, so we can help you through the process.
Property Assistance Programme
Key Opportunities Programme
|Grants up to 50% up to a maximum of £100,000||Grants up to 35% from a minimum of £100,000|
Last Updated : 16th April 2014