Local Authority Business Supports

Incentive Scheme for Businesses & Retailers to Occupy Vacant Properties

Limerick City & County Council has introduced a new Business & Retail Incentive Scheme in Limerick City Centre, Abbeyfeale, Kilmallock, Newcastle West, and Rathkeale.

Applications are now invited for 2014.

The Business & Retail Incentive Scheme provides financial incentives to encourage new businesses to open in designated areas of Limerick City, Abbeyfeale, Kilmallock, Newcastle West and Rathkeale. Occupiers of vacant properties are offered incentives for higher order retail, office and business uses. The scheme is intended to address property vacancy rates, improve streetscapes and to support the business community.

The grant relief provided under the scheme for vacant property is:

Year 1 – Grant relief is based on certified fit out costs subject to a maximum of 50% of the annual rates liability.

Year 2 – Grant relief is based on original certified fit out costs (as submitted at year 1) subject to a maximum of 25% of the annual rates liability.

Limerick City & County Council aims to ensure that any incoming business respects and enhances the multifaceted character of the city and the county towns and encourages a diversity of uses to increase the overall attractiveness for shopping, leisure, and business purposes.

For more information and to download application form see Business & Retail Incentive Scheme

 

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