If you are a small or medium independent enterprise in Old Town and would like to start up or expand a business in Old Town, you may be eligible to apply for a grant.

The Old Town grant scheme is part of a programme to revitalise Hull’s historic heart by improving both the visual landscape and quality of commercial premises. It also aims to encourage small and medium sized enterprises to occupy vacant or underused premises.

The Old Town programme also plans to refurbish Trinity Market and reintroduce regular outdoor markets to Old Town.

This helps make the most of Old Town’s assets, in particular Whitefriargate, an area of thriving café bars, visitor attractions, restaurants and independent retailers. The area will become more attractive to residents, businesses and visitors through the support provided, creating a strong, economic presence in the east of the city.

Grants of up to 50 per cent of project costs are available but must be matched with funding from the business’ own resources (other publicly funded grants or loans cannot be used for match funding).

This scheme provides funds to support –

the creation of new enterprises
growth of established small and medium sized businesses
companies operating or moving into Old Town
Eligibility

Start up businesses must –

be based within Old Town
be within its first year of trading
have a business plan that shows how the grant can benefit the business

Expanding businesses must –

be based within Old Town
have been trading for at least one year
have a business plan to show how the grant can enable the expansion of the business such as –
new product development
job creation
accessing new markets
Both start up and expanding businesses must be able to demonstrate their ability to match the grant money awarded.

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