Funding Scheme Extended In Bradford City Centre

Thursday, 3 November 2016 15:13

A funding package designed to encourage business growth in Bradford city centre is being extended by the Council.

Bradford’s Priority Streets Scheme is being extended to a further three streets in the city centre – Bank Street, Tyrrel Street and North Parade.

The scheme was set up to help businesses prosper by offering funding for property improvements and/or the purchase of machinery or equipment, alongside business rates relief if jobs are created.

The scheme initially targeted Darley Street, Ivegate, Kirkgate, Rawson Square and Rawson Place, with a range of businesses including a live music venue already benefiting from the initiative.

Councillor Alex Ross-Shaw, Bradford Council's Executive Member for Regeneration, Planning and Transport, said: "Our Priority Streets Programme is all about boosting small businesses and giving them the opportunity to flourish."

“Bradford’s vacancy rates are steadily improving, having gone from 22% to 19.4% and that is including the Broadway which is currently undergoing building work in preparation for a new cinema development."

“However, we want to expand the scheme to include Bank and Tyrrel Street so we can better connect the top and bottom of town and help spread the success around Broadway and City Park upward."

“We’re also conscious we need to ensure North Parade continues to develop and the scheme is now open to restaurant owners who open their doors during the day as well as in the evenings."

"We are delighted to be able to extend the area and hope more companies will step forward and apply in the near future."

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