IMPORTANT NOTICE : GRANT CAPPED AT £25,000 - OFFERING LOCAL BUSINESSES 50% FUNDING AND LOCAL AUTHORITIES 80% FUNDING ENDING 31ST OCTOBER 2022.
The Scheme will be reverting back to the grant capped at £10,000 and offering both businesses and local authorities up to 50% funding.
The Town & Village Regeneration Scheme has been established to provide financial assistance to improve the appearance of commercial premises and create civic amenity projects within the Island’s towns and villages.
The Scheme’s two main purposes are to improve the quality and appearance of the Island’s towns and villages and this is provided in two ways:
1. Encouraging local businesses to improve the external visual appearance of their property, including but not limited to;
- Access – Doors, automatic doors and ramps etc
- Glass fronts
- Lighting scheme
- Painting and rendering
2. Developing civic amenities through visual improvements, facilities, points of interest and improvement to public areas, including but not limited to;
- Public art
Eligible applicants can receive a grant capped at £25,000. Local businesses can receive up to 50% of funding towards their projects and local authorities can claim up to 80% per project.
Applicants must have sufficient funds to pay for the project work in full. If the applicant is successful, the Department will then reimburse up to 50% (for local businesses) or 80% (for local authorities) of the project on completion.
Grants under this Scheme may be given to the following beneficiaries
- A partnership
- A sole trader
- A limited company
- A charity
- A non-profit making organisation
- A local authority
- The requirement for businesses to be located within a designated 'Regeneration Area' has been removed. Therefore, all commercial premises directly accessible from the public highway are now eligible in all areas across the Island;
- The project must make improvements to the appearance and/or amenity of the town or village;
- The work must not have been started before the application has been submitted and acknowledged;
- Projects can receive support from different Government schemes (e.g. TVRS and the Arts Council) as long as individual item costs are not being supported by more than one scheme. (Applicants who are seeking support from more than one Government scheme are encouraged to contact the Department before applying to discuss their project in more detail);
- The organisation must conduct business lawfully in the Island; and
- The organisation must be up to date with paperwork and payments for Income Tax, NI, VAT, or be on an approved VAT payment plan.
- Residential properties
- Government Departments
- Support is not available for:
- The cost of labour or materials provided by the recipient or by persons employed by the recipient;
- The operating costs of the completed project;
- Any costs payable to a Government Department, a Statutory Board or local authority;
- New builds;
- Events; and
- General repairs and maintenance works which do not uplift the area.
- Commercial premises can only apply for external improvement work, internal improvements are excluded unless they are incidental to the approved exterior work
- Three quotes must accompany each application from suitably accredited trade businesses
- Any quotes for building work over £10,000, the quotes acquired must be from Construction Isle of Man registered contractors.
- Usually only one application per site is permitted, and usually only one application per organisation per year.
- Grants are offered entirely at the Department’s discretion, and even if an applicant is eligible via the criteria set out above, applications are reviewed on a case by case basis on their own merits with no guarantee of a grant being offered.
For more information about the scheme, please complete our online enquiry form.
‘David and I love Ramsey. We feel it has so much potential and wanted to play our part in the town’s regeneration by revitalising our building, which dates from around the 1880s. We would never have been able to self-fund a project of this scale so we’re very grateful to the Department for Enterprise, the Arts Council, Millichap’s and the people of Ramsey for their support.’
Read more here.