Waterford City and County Council launched an Economic Incentive Scheme to encourage new business in the core retail areas of Waterford City Centre, Dungarvan and Tramore and across all of Waterford’s town and village centres.
The Mayor of Waterford, Cllr Damien Geoghegan, in welcoming the scheme said “We are working together with the City and Town Centre Management Groups to continually improve our City and Town centres. The economic incentive scheme will bring vibrancy and vitality to our core retail areas while also addressing vacancy rates.”
The scheme is intended to encourage the following businesses to take up the scheme:
- Cosmetics / beauty products
- Specialist Health Food shops
- Shoe Shops
- Toy Shops
- Hi-tech / High-end Electronics
- Music Shops
- Specialist (Hobby) Stores
- Artisan / Craft Shops Giftware/Interiors/Fashion businesses & shops
- High End Retail – globally scaled
- Shops offering a unique experience
The Economic Incentive Scheme is both generous and innovative. The supports offered across the three strands include a Rates exemption for the first 3 years of operation, a tiered level of start up funding totalling €6,000 alongside access to a range of soft supports from Waterford LEO and Economic Development section at Waterford Council.
The scheme is new to Waterford and expands on previous Retail Support Grants and is the most extensive scheme to date. Details of the scheme will be available soon on www.waterfordcouncil.ie and on all social media accounts.