The Heritage Enterprise programme supports enterprising heritage organisations in rescuing neglected historic buildings and restoring them to viable productive use. The cost of repairing a neglected historic building is often so high that restoration simply isn’t commercially viable. Heritage Enterprise makes such schemes possible by funding some of the repair costs with grants.
Grants of between £100,000 and £5million will be awarded to meet conservation deficits i.e. where the existing value of the historic asset plus the cost of bringing it back into use is greater than the end value of the asset following development completion. Not for profit organisations, or partnerships led by such organisations can apply via a two stage process with Start-up grants also available for pre-application viability appraisals.
HLF says, “Historic buildings can attract thriving businesses and boost economic growth. And yet many lie vacant and derelict because of the high costs involved in rescuing them.
Heritage Enterprise can help communities repair derelict historic places, giving them productive new uses. By funding the repair costs and making these buildings commercially viable, we hope to breathe new life into vacant sites. Not-for-profit organisations work with private partners to generate economic growth, and create jobs and opportunities in those places that need it the most.”
For more information on this grant click here.