City Council secures £900,000 ERDF for the Tyseley Property Assistance Programme
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Tyseley businesses could be eligible for grants thanks to a successful European Regional Development Fund bid by Birmingham City Council.
The £2.3m Tyseley Property Assistance Programme is part-funded by the European Regional Development Fund (ERDF) featuring £0.9 million public funding for grants, to be matched by businesses’ investment.
The Tyseley Property Assistance Programme (TPAP) will provide capital assistance to incoming and existing SMEs in the Tyseley Environmental Enterprise District.
The grants - which can contribute up to 50 per cent of a project's costs up to a maximum of £100,000 - can be used to improve non-retail commercial premises, access and infrastructure to meet modern business needs. The criteria focus on enabling physical improvements, encouraging employment growth and retention and enhancing economic competitiveness.
Examples of the types of project that could be eligible include new builds and extensions of commercial premises, internal works, demolition, land clearance and reclamations that lead to new commercial space.
Birmingham City Council says TPAP will help reinforce Tyseley as an important industrial location in line with Birmingham's draft Core Strategy and develop the area as the city's Environmental Enterprise District.
"Securing this European funding for the Birmingham economy is a great achievement," said Clifford Hill, the City Council’s Regeneration Manager for Tyseley. "We're delighted to be able to offer funding to Tyseley companies and support their efforts to improve the local economy, infrastructure and capacity for doing business. I encourage any business from Tyseley, or planning to move to the area, with ideas or plans for capital improvements to look at the details on our website and get in touch to discuss the opportunities."
The TPAP page on Birmingham City Council's website includes full details of eligibility criteria, application forms, guidance notes, a map of the relevant area and the full Tyseley Environmental Enterprise District 'A Framework for Action'.
Interested businesses can also contact Clifford Hill (0121 303 3692) or Ashfaq Ashraf (0121 464 9861) at Birmingham City Council, or email firstname.lastname@example.org