Council Business Incentive Scheme helping local independent businesses to thrive
Published Wednesday, 02 August 2017
THE Business Incentive Scheme in Northampton, now into its fourth year, has created more than 630 jobs in the town.
The scheme, administered by Northampton Borough Council, started in April 2014 and has supported 130 local businesses, leveraging more than £6 million in private sector investment.
Four St Giles Quarter town centre businesses have recently benefited from grants from the scheme, among them two relative newcomers.
The Zip Yard in St Giles Street, a tailoring business specialising in clothing alterations and repairs, received a £12,000 vacant unit and shop front grant.
So too did Mooch, a new gift shop which has taken over the unit vacated by WH Bonham.
Rachel and Paul Roberts of Mooch are delighted at the way their business has taken off on the street – to the point that they emerged winners in the recent Muddy Stilettos awards.
Rachel said: “Sales have been very good in the few weeks we have been open and we love being on the street.
“It was great to also win an award for the shop so quickly but undoubtedly our strong online presence will have helped in that respect.
“We have exciting plans for expanding the premises in the future, should all go well, and we are very grateful to the borough council for giving us a helping hand and making our dreams come true.”
Foodies Rocks street food restaurant in Derngate received £6,500 to improve their shop front among other improvements.
And Berties clothing store in Guildhall Road also improved their shop front with an improvement grant of £1,400.
Councillor Tim Hadland, the cabinet member for planning and regeneration, said: “The Business Incentive Scheme is going from strength to strength and it is always heartening to see so many independent businesses putting their faith in Northampton.
“The scheme has brought in a fantastic £6 million of private money, which amounts to a tremendous investment in the town, and has enabled us to encourage Northampton’s independent shopkeepers who are such an important part of the local economy.
“Shops like the Zip Yard and Mooch have brought an exciting new presence to the town centre and I look forward to welcoming many more new businesses in the months and years to come.”
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