Eligible businesses in Middlesbrough can now apply for grant funding to help improve the town centre post Covid-19.
The scheme is being funded through the Future High Street Fund Programme and town centre businesses can bid for grants of up to £10k.
Middlesbrough Council has been awarded £14.1m of funds to rebalance the economic mix for residential, commercial and leisure uses.
The vision is based on building a new urban community in the heart of the town. By bringing more people to live and work in central Middlesbrough.
The £14.1m will be allocated on the following schemes:
• Development of residential property
• Adaptations to transport services and improving safety / security of town centre areas
• Provision of cultural animation and experiences
• Grant funding for businesses to mitigate the impact of Covid
• Transformation of Captain Cook Square for leisure use
One of the key aims of Middlesbrough’s FHSF project is to re-balance Captain Cook Square’s 400,000 sq ft of predominantly retail space to a more sustainable mix of leisure and commercial uses.
The project has already attracted considerable interest from regional and national leisure operators, with a number of proposals put forward including.
• Bowling alley with associated leisure attractions
• Boutique cinema
• Small/medium-scale breweries
• Restaurants and eateries, with proposals to maximise outdoor space
• Event hosting – temporary/seasonal use of central outdoor area
In addition to the Captain Cook Square revamp, Middlesbrough Council’s £14.1 million FHSF allocation will also see investment in residential property (£3.5m), transport improvements (£1.05m) and cultural development and business support (more than £500k).
Bringing more people to live in central Middlesbrough will also increase footfall in the town centre, attract and retain skills and talent and help foster a more balanced leisure economy.
Accessibility to key facilities in the square including the bus station and car park will be paramount.
Businesses who want to apply for funding should visit www.middlesbrough.gov.uk/business/future-high-street-fund.