Town Centre Regeneration Fund

The Town Centre Regeneration Fund is a grant to help bring vacant, underused or derelict properties in Renfrewshire’s town centres back into use.

Specifically, it’s for where redevelopment of a significant local building or site has stalled because:

• there is a funding gap
• the cost of construction work or supplies has gone up
• restoring older buildings is complex and can require specialist skills
• economic downturns or shifts in demand can impact a project’s viability.

To qualify for funding, you must have legal ownership of the property or site, or a long-term leasehold interest (a minimum 10 years).

Your property must be:

• located in a town centre in Renfrewshire
• currently vacant, underused, or derelict
• of strategic importance including, for example, has heritage value, is prominent, or has high visibility
• potential to stimulate wider regeneration and growth in the locality.

There must be no outstanding legal disputes or legal issues with the premises or site that would delay redevelopment.

The Town Centre Regeneration Fund is provided as Minimal Financial Assistance (MFA) under the UK Subsidy Control Act 2022, and applicants may be required to confirm that total MFA received does not exceed £315,000 over the current and previous 2 financial years.

To be eligible for the Town Centre Regeneration Fund, applicants who are employers must be Fair Work First employers. Read more guidance on Fair Work First (gov.scot PDF). 

Your project proposal must aim to bring the property or site back into viable and productive use.

This could include commercial, cultural, community, residential, or mixed-use developments, providing they comply with the relevant planning policies.

The grant should be used for a substantive programme of works which might include:

• preparatory works
  • site clearance or demolition of non-heritage structures
  • temporary works to stabilise or secure a building
  • asbestos removal or treatment of contaminated land.
  • essential structural repairs to make the building safe or usable
• physical works
  • roof repairs or replacements
  • external fabric repairs, including windows, masonry, or facades
  • internal adaptations or refurbishments to change how the place will be used
• heritage and conservation works
  • restoration of historically significant architectural features
  • work to comply with conservation or listed building consents
  • sensitive adaptations to allow modern use while retaining heritage value
• accessibility and compliance  
  • improvements to meet building regulations like fire safety, accessibility, or energy efficiency
  • installation of ramps, lifts, or accessible toilets
• project management and oversight
  • reasonable project management or contract administration costs. 

What you cannot use it for

You cannot use the funding for:

• buying or renting land or property
• marketing and promotional costs
• general maintenance not linked to redevelopment
• VAT (unless it is non-recoverable)
• feasibility studies and option appraisals
• professional fees relating to design for example the costs for architects, engineers, surveyors, or planning consultants
• planning application and building consent fees.

Information you need to provide

Your proposal should show how it will:

• contribute to local economic growth – for example, job creation or increased footfall
• enhance the vitality and attractiveness of the town centre or local area
• encourage sustainable neighbourhoods, sustainable links, or enhancements to greenspace
• align with local regeneration strategies and community priorities.

You need to have:

• a deliverable project with detailed designs that are fully costed
• a robust and realistic delivery plan and timeline, which can begin within 12 months of you getting the grant
• the relevant planning or building warrant permissions or confirmation that you intend to apply for consents.

You need to provide evidence:

• of any market failure which has prevented redevelopment to date
• of actions taken so far to try to bring the building back into reuse
• that without public sector intervention, the project cannot go ahead due to a funding gap or issues affecting commercial viability, such as high remediation costs related to contamination, high land values, or construction costs.

You must explain how you will use the funding, including:

• a detailed breakdown of costs which will be covered by the grant
• how the amount you ask for is proportionate to the overall costs and impact
• how the project will demonstrate best value for money if it receives funding.

If your Expression of Interest application is successful

If you are invited to make a full Town Centre Regeneration Fund application, you will be asked to provide the following:

• detailed specification of works, including technical drawings
• description of how the project will be managed - and who the design team are - including an outline of the strategy for the appointment of contractor(s)
• detailed budget showing income and expenditure, including contingencies
• detailed timeline for implementation of works, including timeline for securing any necessary consents
• risk register, listing project risks and mitigation strategies
• a copy of your Business Plan or equivalent (if applicable), including an explanation of how the proposed project helps fulfil it
• an explanation of how the project meets the 4 TCF outcomes:
  • how will your project contribute to local economic growth – for example, job creation or increased footfall (250 words)
  • how will your project enhance the vitality and attractiveness of the town centre or local area (250 words)
  • how will your project encourage sustainable neighbourhoods, sustainable links, or enhancements to greenspace (250 words)
  • how will your project align with local regeneration strategies and community priorities (250 words).

How we make a decision

We’ll prioritise projects that preserve or sensitively adapt heritage or listed structures or have a prominent location within a town centre.

We’ll also prioritise projects that can:

• match fund or co-invest from the private sector or other public sources
• attract additional economic activity or investment due to the funding you’re awarded.

Provisional approval  

If we approve your application on principle, we'll make a provisional offer setting out the:

• conditions of the grant
• potential amount of money you could get. 

Conditions of the grant

We cannot award the grant until you've met all the conditions of the offer.

Before any grant funding is released, you must have:

• all the relevant planning permissions or building consent, in line with the approved grant scheme
• a project delivery team in place including a main contractor, project manager and other key people for the project
• enough money to be able to pay contractors in full before they start any work.

How we pay the grant

We’ll pay the grant as works have been completed to a satisfactory standard, following an inspection by us, and you have sent us:

• proof of payment to the contractor by bank or building society transfer (BACS)
• the receipted invoice from the contractor or contractors doing the work
• evidence of all necessary planning permissions or building consent, or written confirmation that these are not needed.

We'll make the payments to your nominated bank or building society account.  

We cannot award the grant for cash payments to suppliers or contractors.  

We can make interim / stage payments in arrears towards the project. This will not be more than 90% of your grant. If you need a building warrant for the work, we will pay the final 10% of the grant when we get a completion certificate from you.