Following the success of last year’s Southend-led NUE scheme, which provides zero interest loans to business owners who are bringing empty properties back into commercial use, a further £1million of government funding has been made available as the fund opens again for new applications.
The NUE scheme was launched early 2022 and successfully met its first stage target of loaning just over £1m to owners in Southend-on-Sea and across South Essex.
Projects supported to date have included the development of an empty bank premises and an old supermarket building for alternative commercial use, as well as mixed use conversions from commercial to residential.
The NUE scheme operates within the local authority areas of Southend-on-Sea, Basildon, Brentwood, Castle Point, Rochford and Thurrock. With loan values for eligible business or individual applicants from £50,000 to £250,000.
Further details and information on how to apply can be found on the South Essex ‘No Use Empty’ webpage or by emailing the team at: NoUseEmpty@southend.gov.uk
Date: August 2023