The Retail Incentive Scheme provides financial incentives to encourage new retailers to open in Limerick City. Occupiers of vacant properties are offered incentives for higher order retail uses.
[scald=7548:sdl_editor_representation]
Incentive Scheme for Retailers to Occupy Vacant Properties in Limerick City
- Please see details of the updated 'Limerick City Business & Retail Incentive Scheme' (27th March 2013)
Publish Date: Monday 11th February 2013
A new incentive scheme for additional retailers to open in Limerick city centre has been announced by Limerick City Council.
The Retail Incentive Scheme provides financial incentives to encourage new retailers to open in Limerick City. Occupiers of vacant properties are offered incentives for higher order retail uses. It is intended to address vacancy on key Limerick City Centre Streets.
The grant relief provided under the scheme for vacant property is:
-
Year 1 – Grant relief is based on certified fit out costs subject to a maximum of 50% of the annual rates liability.
-
Year 2 – Grant relief is based on original certified fit out costs (as submitted at year 1) subject to a maximum of 25% of the annual rates liability.
These grants are specifically targeting vacant shops on: O’Connell Street, William Street, Shannon Street, Roches Street, Catherine Street, Henry Street, Liddy Street, Honans Quay, Denmark Street, Cruises Street, Todd’s Row, Chapel Street, Bedford Row, Thomas Street, Sarsfield Street and the North East half of Patrick Street and Rutland Street.
Limerick City Council aims to ensure that any incoming retailer respects and enhances the multifaceted character of the city centre and encourage a diversity of uses to increase its overall attractiveness for shopping, leisure, and business purposes.
To download a copy of the application form please click the link below:
[scald=12710:sdl_editor_representation]
Once completed please return the application form to:
Economic Development Department,
First Floor,
Limerick City Council,
Merchants Quay,
Limerick.
For more information on the Retail Incentive Scheme please contact Ciara Farrell or John Cregan, Economic Development and Property Management on Tel: +353 61 407269 Email: economicdev@limerickcity.ie