The Property Development Fund is a mechanism available to the City & County of Swansea Council to provide grant assistance to property developers towards new build or refurbished office space.
Funding for this programme has been secured from The European Union via the Convergence Programme.
Applications are sought for speculative office development proposals within the Swansea City Centre Strategic Framework boundary. Funding is available to meet the financial gap between the construction costs and the completed market value of the eligible parts of the property, up to a maximum of 33.3% of the construction cost.
The incentive on offer is aimed to stimulate the supply of high quality business premises within Swansea City Centre by offering funding towards high quality BREEAM Excellent new build and major refurbishment projects.
Priority will be given to applications that will provide tangible benefits to the local economy in terms of number of jobs accommodated, the area of floor space created, the amount of land developed and the number of SME’s accommodated.
The award and level of grant offered is entirely at the Council’s discretion. An application would be ineligible if the proposed works have commenced or have been announced before a grant has been awarded.
For further information or to request an Application Pack, please contact:
Adrian Denning, Joint Venture & Partnership Valuer
City & County of Swansea, Civic Centre
Oystermouth Road, Swansea SA1 3SN
Tel: (01792) 636404
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