Bolton launches £1.5m fund to lure retailers

BOLTON Council is to offer grants of up to £20,000 to attract new businesses to the town centre.
 
The council’s cabinet approved a £1.5m fund yesterday that will be used to encourage independent shops, cafés and restaurants.

But the assistance will not be available to all, with some enterprises excluded such as betting shops, pound shops, off licences, pawnbrokers, and takeaways.

Council leader Cliff Morris, said: “We have taken in to account the views of key retailers and shoppers, and looked at what has been successful elsewhere to develop this scheme.
 
“Naturally, we want to help the local economy, and support retailers and budding entrepreneurs during these difficult times. Bolton like other town and cities throughout the country has been affected by the economic downturn, and the growth of online and out of town shopping.
 
“However, Bolton town centre still plays an important role in the town’s economy and our plans to increase prosperity. And while there are empty shop units in the town centre, there are also new businesses wanting to come here who are looking for the right opportunities to become available. We will be working hard to encourage the right businesses to invest in our town.”