Tynwald has approved a new Town and Village Regeneration Scheme.
It's been launched by the Department for Enterprise - aiming to provide financial assistance to commercial premises and civic amenity projects.
Originally launched in 2009 and revised in 2013, £15.7 million was offered to 223 distinct regeneration projects and £13.4 million invested.
The Scheme contributed towards significant improvements to the Island’s retail centres such as Strand Street in Douglas and Parliament Street in Ramsey.
Due to its success, in the February 2019 budget, Treasury allocated funding of £250,000 a year for a new Regeneration Scheme which will run for four years.
Organisations interested in applying for the Scheme are encouraged to enquire with the Enterprise Support team via email enterprisesupport@gov.im, or telephone 687333.
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