Greater Manchester businesses are to benefit from a loan scheme of up to £350,000 which should slash the number of vacant properties in Trafford town centre.
The loan facility will give incentives for businesses to set up in the area, be they existing businesses wanting to expand or entrepreneurs from outside Trafford.
Application for the loan is now open and eligible businesses will be able to apply for interest-free loans of between £1,000 and £10,000.
The fund is made up of £250,000 of Trafford Council funding – to be split equally across Altrincham, Sale, Stretford and Urmston – with an additional £100,000 allocated by central government’s High Street Innovation Fund for Altrincham.
Executive Councillor Michael Hyman said: “This is a fantastic scheme which Trafford Council has developed in partnership with representatives from our town centres, and we will continue to work closely with them to ensure that businesses make the best of this opportunity.
“We want local people and other visitors to talk about our town centres as hubs of activity, and to give them the encouragement to keep coming back. This scheme will give an incentive for businesses to set up in our local centres and see buildings and shop frontages improved, which in turn will enhance the trading environment and visitor experience. I am delighted that we are able to offer this support in helping our town centres to thrive.”
The scheme is part of Trafford Council’s £750,000 Town Centres Investment Fund, which aims to improve the area environmentally and revitalise Altrincham market.
To find out more about the Town Centres Loan Scheme, and to apply contact 0161 912 4137 or email [email protected]
Picture courtesy of Sam_BB, via Flickr, with thanks.