City of Sydney offers $$ for $$ funding for small bars in laneways
This week the City of Sydney Council table a proposal to fund new developments like small bars in city laneways with $$ for $$ funding under the Laneways Business Development Program
- The Laneways Business Development Program is a competitive grant program providing business mentoring assistance and matched cash funding up to $30,000 as a means of delivering structured business development support.
- The Laneways Business Development Program focuses on ‘finegrain’
business activity in the CBD. ‘Finegrain’ businesses are small
scale, diverse and innovative businesses that are likely to be engaged
in specialist retail, hospitality and entertainment or will otherwise
encourage activation of under-used spaces in city laneways and plazas
with business activity that is currently undersupplied or non existent
in the city centre.
- Matched cash grants will only be supplied to businesses demonstrating the Business Ready or Growth stages of development.
- The program will assist business with the costs associated with the
establishment of the business, as such; there is no cap on the amount
of the grant that can be used for capital expenditure under this
program. Funding can be used for capital expenditure items such
as internal fitout, façade improvements, equipment and specialist IT
equipment. Up to 10% of the grant may be used for marketing and
promotion activities. Cash funding cannot be used for general
operating costs, including but not limited to rent, utilities, payroll,
and vehicle expenses