Business Incentive Scheme

8/2/2019 Business Incentive Scheme

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Business Incentive Scheme


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Business Incentive Scheme

The intent of the scheme is to provide a grants

incentive for new businesses to locate in

premises that have been vacant for a period

exceeding two years and encourage diversity of

retail opportunities within a designated area.

This can provide the financial assistance that

makes it attractive for new business to consider

setting up in areas where there are several vacant

shops.


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Objectives of Scheme

Job Creation and employment

To actively promote the development and

enhancement of retail floor space in key streets in

Dundalk Town Centre.

To enhance the vitality and viability of the TownCentre and commercial well being of the town.

To support the continued role of the town centre

and its primacy in the retail hierarchy.

To encourage NEW businesses to occupycommercial premises/shops that have been vacant

over an extended period of time.


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Objectives of Scheme

To encourage diversity of retail opportunitieswithin the principal streets (as listed above)within the town centre /retail core of Dundalk.

To provide limited financial assistance to

make it more attractive for new businesses toestablish in areas where there are severalvacant shops.

To provide income to Dundalk Town Councilthat otherwise will be written off as bad debts.


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Eligibility Criteria for the Business

Incentive Scheme

Any premises which have been vacant for more

than two years would be eligible for a grant of

50% of rates in year one and 25% in year two.

Two years would be the maximum allowed for the

grant regardless of the time the premises hasbeen vacant.

In year 3 the full amount of the rates due must be

paid in that financial year

Conditional on a minimum of a three year leasebeing signed by the new occupier. Evidence of

lease to be provided to Dundalk Town Council.


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Eligibility Criteria for the

Business Incentive Scheme Landlord/Agent must offer to match reduction

on buildings rent for first 2 years.

The scheme shall not apply to any business

or person who owes money to Dundalk Town

Council

The scheme shall apply to the authorised use

of a premises only

All applications will be reviewed on an

individual basis


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Building location

Clanbrassil Street

Bridge Street

Church Street

Linenhall Street

Market Square

Earl Street

Francis Street

Crowe Street

Park Street

Dublin Street


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Business Uses not covered by

the Scheme Takeaways

Amusement arcades or premises with gaming

machines

Head shops

Betting offices

Nightclubs

Premises where unauthorised development hastaken place or which are subject to enforcement

proceedings.

Business Incentive Scheme

Documents

Transcript of Business Incentive Scheme