Wolverhampton businesses urged to sign up for £600k funding package

Businesses are being urged to sign up for help from a £600,000 funding package aimed at helping Wolverhampton city centre recover from the failed £300 million Summer Row shopping centre scheme.

Eight companies have so far been given cash as part of the project and council bosses are in negotiations with a further 17 but they are now trying to contact those firms who have not come forward before the deadline for applications in March.

The project aims to help businesses and landlords of commercial premises who were left in limbo by the failure of Summer Row by offering them money to spruce up their buildings or move to new premises. Other support such as business planning and advice is being offered.

Hundreds of premises were slapped with compulsory purchase orders so they could be demolished to make way for the centre. It meant their owners were unable to sell or invest in them.

When the plan collapsed last year, the area that would have become Summer Row – Worcester Street, Cleveland Street, Temple Street and Snow Hill – was left with large numbers of empty shops. Wolverhampton City Council has offered the grants along with a £13.4m package to spruce up the area.

Businesses that have been successful in receiving grants include Dainese Silver Machine, DJ Heaven, Spice Avenue and Newell Palmer Associates.

All applications will be assessed by the end of April and successful applicants will then be given sufficient time to complete their project.

Councillor Peter Bilson, Wolverhampton City Council’s cabinet member for economic regeneration and prosperity, said: “Take up of the grant has been slow so far but there are a number of applications in the pipeline.

“I would urge anyone who has not yet done so to get in touch to ensure that they do not miss out on this opportunity.”

To check eligibility and for further information on how to apply, contact Mike Shields on 01902 554069 or email: mike.shields@wolverhampton.gov.uk