No Use Empty South Essex

The Getting Building Fund will be used to return long-term empty commercial properties back into use, for residential, alternative commercial or mixed-use purposes. The project will focus on secondary retail and other commercial premises which have been significantly impacted by changing consumer demand, the impact of the pandemic and which may have been impacted by larger regeneration schemes.

South Essex NUE will:

• support economic growth through new commercial activity: attracting new business rates, and creating and safeguarding jobs.
• increase the number of new homes available as a result of mixed use development: generating new council tax receipts and attracting Government New Homes Bonus.
• support wider regeneration, in particular assisting in improving the vitality and viability of existing commercial areas, improving the quality of the local environment, complementing wider regeneration activities and supporting community safety and cohesion.

South Essex NUE will achieve this by providing short-term secured loans (up to 3 years) to bring long-term empty commercial properties back into use.

The No Use Empty South Essex project also received Growing Places Fund, a SELEP recyclable loan scheme, totalling £1m. Information can be found here.

£85m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock

The Getting Building Fund focuses on projects that can progress quickly and that will stimulate and better integrate economies in some of the most economically impacted and COVID-affected parts of the South East.

£85m of Getting Building Fund investment has been secured, enabling delivery of 45 projects across East Sussex, Essex, Kent, Medway, Southend and Thurrock.

Find out more here