A funding scheme for businesses in Northampton has attracted more than £1m in private investment and created more than 50 new jobs according to the borough council.
In April the authority launched the Business Incentive Scheme, which it said would make it easier for entrepreneurs and businesses to find new premises or expand by offering grants to take on empty or vacant units.
So far almost £200,000 has been awarded in grants, which has ‘unlocked’ more than £1.2m in private investment to the town, the council says.
Leader of the authority, Councillor David Mackintosh, (Con, Rectory Farm) said: “With so many positives coming from the scheme I would encourage any local business or entrepreneur with an idea to talk to us and see what the Borough Council can do to help.”
This week the council has announced a further £9,000 in grant funding to improve the appearance and shop front of Chanse Leather Goods in Abington Street and 44-46 Bridge Street.
Three town centre grants worth more than £16,000 have been awarded to Café Creperie, Action Support and The Courtyard Café to take on previously vacant units.
The Business Improvement Scheme is also supporting the creation of a new boutique hotel in Guildhall Road and a grant has been awarded to refurbish 13 Guildhall Road into a new hotel, restaurant and café.
A total of £35,000 has been awarded to three ‘growing’ businesses; Northampton Hope Centre, Uber Shop Ltd and MJB Accountants are set to expand existing facilities, or relocate to new bigger premises thanks to the grants.
For more information about the Business Incentive Scheme, or to find out how to apply for funding contact Northampton Borough Council’s regeneration team by email at email@example.com, or call 01604 837078.