Wednesday, 04 July 2007 18:11

Funds for rural workspace in Cumbria

Written by  Ruralcity Media

Redundant rural buildings are being brought back into commercial use in Cumbria with the help of three recently introduced support measures. 

Recently relaunched in the county, the Rural Small Buildings Scheme offers grant assistance to entrepreneurs seeking to breathe new life into redundant buildings.

The scheme, run by Cumbria Rural Enterprise Agency, provides grants of up to 25% of cost of returning buildings to productive use.

The second incentive scheme is the Business Premises Renovation Allowance.

This offers significant tax relief for buildings which have been unused for at least a year and are in designated disadvantaged areas of Cumbria.

Under this scheme, full tax relief of up to the full cost of renovation is available as long as the building is non residential and remains in commercial use for at least seven years.

Finally, Cumbria Rural Enterprise Agency is offering a free planning advice service to encourage the conversion of old buildings and create new employment in disadvantaged parts of the countryside.

For details, call 01539 726624.

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