No Use Empty Commercial Phase II
- Capital Investment - Kent & Medway, Growing Places Fund, More than £2m
Approval Status
Fully Approved
Delivery Status
Project In Progress
Expected Repayment Date
Spring 2027
The No Use Empty Commercial Phase II project will allow Kent County Council to build on the success of Phase I of the project and will support the continued provision of short-term secured loans to bring empty commercial properties back into use for alternative commercial, residential or mixed-use purposes.
The project will continue to focus on town centre (particularly in coastal areas of Kent), where secondary retail and other commercial areas have been significantly impacted by changing consumer demand and have often been neglected as a result of larger regeneration schemes.
The No Use Empty Commercial Phase I project also received Growing Places Fund investment totalling £1m. Further details can be found here.
Capital Programme delivery update
Take a look at our update on the delivery of the Local Growth Fund (LGF) and Growing Places Fund (GPF) capital programmes.
Growing Places Fund
The Growing Places Fund (GPF) was established by the Ministry for Housing, Communities and Local Government (formerly the Department for Communities and Local Government) and the Department for Transport (DfT) in 2011. The aim of this funding is to unlock economic growth, create jobs and ‘kick-start’ house building at stalled development sites.