Stockton-on-Tees Borough Council

Big plans for an outstanding Borough

Financial assistance and support for business

doing business

There are a number of disruptions to Council services because of Coronavirus (COVID-19). Please check the link below before accessing any of our services.

For details of disruptions and for advice and guidance visit www.stockton.gov.uk/coronavirus

Stockton Council provides help and support to businesses in the Borough.  We are driving projects and providing services which will bring economic prosperity and create jobs. 

Covid-19 – Support for businesses

The government has announced a set of measures to provide support to businesses that experience increased costs or disruptions to their cash flow as a result of COVID-19. Information on those measures can found at the gov.uk website 

The support includes additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR). This will provide a one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing business costs. The support also includes a £25,000 grant which will be provided to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value between £15,000 and £51,000.

Stockton-on-Tees Borough Council is currently waiting for guidance from the Government on how this grant funding is to be administered and we will update the information on this page when more details are available.

Financial Assistance

Stockton Town Centre Financial Incentive Scheme
Package of support to help businesses locate within Stockton Town Centre. For more information on these schemes, please contact the Business & Enterprise Team on (01642) 528384.

Stockton Town Centre Retail Grant
A grant of up to £5,000 is available to eligible business at the discretion of the Council, subject to an appraisal process.

The grant is available to new businesses occupying vacant premises within the area of Stockton Town Centre. Existing businesses are eligible if they are expanding and demonstrating growth and are taking a new lease on a vacant property.

The grant, where appropriate will be linked to a Business Rate Discount Scheme (BRDS) application. This grant and BRDS will be assessed as a single financial package.

Stockton Town Centre Retail Grant Scheme - Guidance Notes

Stockton Town Centre Financial Incentive Scheme - Application Form

 

Stockton Town Centre Shop Frontage Scheme

A grant is available to existing businesses within the area of Stockton Town Centre to improve the frontage of their premises and help continue to raise the overall quality and image of the area. A grant of up to £500 is available to existing retailers in Stockton Town Centre to contribute to improving the frontage of their property. This may include new signage, painting and/or general improvements.

Stockton Town Centre Shop Frontage Improvement Scheme - Application Form

 

Enterprise Retail Support

B Supplied Ltd have been appointed to deliver Stockton Borough Council’s Retail Business Support contract in until 31 March 2019. The project supports and assists the independent retail sector within Stockton Town Centre. The aim of this contract is to recognise the importance of further developing start-up retail businesses in Stockton Town Centre, as well as supporting the ongoing needs of the existing retailers. It also ensures the successful operation of the Stockton Enterprise Arcade.

What it can offer:

  • Retail Start-up: Full start-up service available help to start-up a new business in Stockton Town Centre.
  • Mentoring: Mentoring and support service available to help support existing retailers within Stockton Town Centre.
  • Stockton Enterprise Arcade: Day to day management of building as well as identification and sourcing of new tenants. B Supplied provide a complete support role to tenants of the building.

For further information on the above, please contact B Supplied on 01642 605198 or [email protected]

 

Other business fund providers

  • NEL or telephone: 0345 3697007.