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Economic Incentive Scheme for Vacant Properties in Urban Areas 2021-2022

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Economic Incentive Scheme for Vacant Properties in Urban Areas 2021-2022 Waterford City & County Council Economic Incentive Scheme for Vacant Properties in Urban Areas 2021-2022 Guidelines & Criteria Economic Incentive Scheme Guidelines & Criteria Economic Incentive Scheme Guidelines & Criteria Purpose of the Scheme Economic Incentive It is intended to ensure that any incoming retail, office or service use will respect Scheme for Vacant and enhance the multifaceted character of the area and will allow and encourage a diversity of uses to increase its overall attractiveness for shopping, leisure and Properties in Urban Areas business purposes. There will be a strong presumption in favour of grant-aid for higher order comparison retail outlets including fashion outlets – both multiple Waterford City & County Council is offering incentives to and independent stores, ‘lifestyle stores’, flagship stores, niche and specialist retailers such as home furnishings, beauty products, jewelers and bookshops. attract new retail and other businesses within the core retail area of the City Centre, towns and village centres of Waterford Eligible categories of business ē Head/ Grow Shop ē Vaping (as defined in the City and County Development Plans) in AIt is Waterford City & County Council’s policy to support ē Adult shop economic growth within the city and county. The aim is to attract a order to bring vibrancy and vitality to the city and town and ē Hair dresser/ Beauty salon/ nail bar/ tanning studio variety of retail, service and office based businesses that will create ē Supermarket village centres and to address vacancy in these areas. opportunities for all citizens. In addition, the following factors will be taken into account in The Executive may, on a discretionary basis, provide support to businesses outside the city, town, Therefore, the following businesses would be considered for the consideration of Grant Aid: village centres in exceptional cases. See Section 10.1 for the information and factors to be taken into the scheme: ē The number and proximity of similar outlets/ consideration by the Executive in determining as to whether or not it is appropriate to consider a ē Cosmetics / beauty products services already operating in the area business outside the city, town, village centre. The decision of the Executive is discretionary and final. ē Specialist Health Food shops ē The scale of the proposed outlet ē Shoe shops ē The physical impact of the proposed use on the internal ē Toy shops structure of the building in which it will be located ē Hi-tech / High-end electronics ē The quality of the shop front design and associate signage, ē Music shops which should be of high quality and be in accordance with the ē Specialist (hobby) shops guidelines produced by Waterford City & County Council ē Artisan / Craft Shops ē Giftware/Interiors Any non-retail businesses ē Fashion businesses and shops CBusiness which applies for grant aid under this scheme, will ē High end retail - globally scaled be judged on the anticipated economic impact they may have in the ē Shops offering a unique experience area e.g. number of jobs being created, attracting improved footfall Ineligible businesses* to the area and enhancing the overall attractiveness of the city/ b town/ village centre. ē Amusement arcades/ bookmakers/ betting shops Waterford Cultural Quarter ē Catalogue shop DIn addition, location specific supports will be considered for ē Discount shop Waterford Cultural Quarter. Preference will be given to applicants ē Fast food outlet/ cafe/ restaurant/ takeaway that support the production and retail of arts, crafts and creative / ē Mobile phone/ Internet shop cultural enterprises; and which incentivise the community of WCQ ē Newsagents/ convenience store to showcase their production methods as well as selling products. ē Off license ē Night club/ pub * In exceptional circumstances and where an application is of a high standard which demonstrates economic benefit to the area and where it does not cause displacement to existing businesses, consideration will be given to applications from the businesses classified as ineligible above. 2 3 Economic Incentive Scheme Guidelines & Criteria Economic Incentive Scheme Guidelines & Criteria Property and funding Qualifying critieria Rates Incentive Use of property Successful applicants will be eligible for up to three years rates free, Qualifying Costs subject to the applicant continuing to trade. A Proposals should be restricted to lands zoned city/ town/ for Grant Relief village centre use as set out in the relevant development plan. Start up Grant B Applicants for the scheme should establish and The eligible qualifying costs applicable for grant relief under the In addition, an additional Start Up Grant will be provided over demonstrate that the proposal is consistent with any Economic Incentive Scheme for Vacant Properties in Urban Areas three years on a step back basis to contribute towards fit out and grant of planning permission on the property/unit. are fit-out/shop front improvement costs and overheads within overheads. The grant will be paid each year on production of proof the three year period of the agreement. Any reasonable costs of expenditure. associated with either of the above will qualify for grant relief Year one €3,000 subject to receipt of valid invoices and verification/ approval that Status of property Year two €2,000 costs were incurred. Year three €1,000 Status of property to qualify for Economic Incentive Scheme for vacant property Soft Supports In order to qualify for this scheme the property must be vacant for In addition a package of soft supports will be provided to successful Other Qualifying Criteria at least one month on the day the application form is submitted. applicants: Landlords will be required to support the application. This will ē Assistance in identifying suitable property – facilitate require the landlord to: site visit (including overnight costs if necessary) ē Provide proof of rent over the previous 5 years Businesses relocating and access to local industry data i.e. footfall to demonstrate that rent has not been increased ē LEO supports including mentoring, Trading On Line Voucher, Businesses relocating to a similar sized premises within the eligible or proof of vacancy over the same period. social media training etc., where eligibility criteria are met. areas will not qualify for grant relief under the scheme ē Sign a letter of undertaking with the tenant to not increase ē Other training provided for management or staff The operation of the Economic Incentive Scheme for vacant the current rent over the period of the scheme. provided by Waterford Local Enterprise Office properties shall not result in the displacement of a business from ē Sponsorship of on REI Retail Management Development one property to another and/or from the same property. Applicants who have previously benefitted from other economic Programme (cost €975+VAT), subject to funding. incentive schemes administered by the Economic Development ē Partnered with local ambassador in However should a proposed business or retail use type be able to Department of Waterford City & County Council will not be eligible same sector, where possible. adequately demonstrate that they require a larger premises that for this scheme, unless they can demonstrate significant economic ē Marketing support via Shop Waterford will have a positive economic impact, consideration will be given to benefit to the urban area in terms of job creation of increased the inclusion of such a proposal under the terms of this scheme. ‘De minimis’ Aid footfall. Small amounts of aid to one undertaking, i.e. less than €200,000 in any rolling 3-year period, are considered to be so small as to have Level of Funding no appreciable effect on competition or trade and, under the De Effective period for Minimis rule, these are exempt from the general ban on State aid. Rates Incentives Start up grant Soft supports operation of EIS However, De Minimis payments to one undertaking under a Effective period for operation of Economic Incentive Scheme for Rates free for Year 1 - Fit out Site identification number of measures or schemes have to cumulatively observe the Vacant Properties in Urban Areas 3 years contribution €3000 and market data €200,000 limit. The scheme will be effective from 1st January 2021 until the 31st December 2022. Only complete applications received by this end Year 2 - Overhead Training, date will be considered. costs €2000 mentoring, artworking, Year 3 - Overhead marketing costs €1000 4 5 Economic Incentive Scheme Guidelines & Criteria Economic Incentive Scheme Guidelines & Criteria Application Addtional Info Assessment of Applications ē The business cannot compete with an existing business based in the city/town/village centre of the area or the closest Appeal Mechanism Freedom of Information. town/village centre and must be able to demonstrate that All applications will be assessed under the above Guidelines & they would not be in competition with an existing business The Director of Economic Development & Planning of Waterford Applicants should be aware that, under the Freedom of Information Criteria and on the basis of their completed Application Form. ē The applicant must demonstrate that there are City & County Council is responsible for approval or not of the grant Act 2014, information provided by them in this Application may be no suitable premises within the city/town/village scheme subject to the Guidelines & Criteria for the Waterford City & liable to be disclosed. Applicants are
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