The Revive and Thrive Fund is an exciting new opportunity for businesses wanting to take their first steps into occupying commercial and retail premises without taking on large risks.

We are aware of the new pressures facing businesses following Covid-19 and some of the lessons learned about how businesses can adapt and thrive even in the face of great challenges, and this grant will help with that journey.

Our high streets and local centres have an essential role in helping Herefordshire to flourish and prosper.

We have introduced the Revive and Thrive Fund which comprises of three grants and it will support start up trials (such as pop up shops and market stalls), along with grant support to help those businesses wishing to take on commercial and retail premises in Herefordshire for the first time.

The Revive and Thrive Fund has three different strands.

High street retail premises grant

This grant will support those micro or SME businesses looking to occupy a retail unit in Hereford city or the market towns of Bromyard, Kington, Ledbury, Leominster, and Ross-on-Wye.

The aim of the grant is to bring empty retail premises back into use, and the grant range is £2,500 to a maximum of £10,000.

The grant will fund a business moving from a residential property, garage, lock up, market stall, or pop up space into a full retail unit.

In order to be eligible for a high street retail premises grant, you must have been trading for at least six months.

You can use the grant for set up costs including minor building refurbishment, reasonable fixtures and fittings, utility connection costs and business marketing/branding, rent and small capital purchases.

Commercial premises grant

This grant will support those micro or SME businesses looking to occupy a commercial unit in Hereford city and the market towns of Bromyard, Kington, Ledbury, Leominster, and Ross-on-Wye.

The aim of the grant is to bring empty vacant commercial premises back into use, and the grant range is £2,500 to a maximum of £10,000.

The grant can fund a business moving from a residential property, garage, lock up, market stall, or pop up space into a commercial unit or a business retaining their existing premises and expanding into another commercial premises.

In order to be eligible for a commercial premises grant, you must have been trading for at least six months.

You can use the grant for set up costs including minor building refurbishment, reasonable fixtures and fittings, utility connection costs and business marketing/branding, rent and small capital purchases.

Start up trial grant

The Covid-19 crisis has resulted in many job losses and it may also have prompted people to think about a change in career direction and the option of self-employment in the form of a high street business.

A move into self-employment can be exciting but also challenging and this grant offers you the opportunity to test out your business idea with a high street or commercial pop up. This could be in the form of a pop up stall in one of Herefordshire's historic markets such as Leominster or Ross-on-Wye, space in an office or industrial unit, or even in the form of a pop up in an empty retail unit. This grant will enable you to dip your toe in the water to establish if self-employment is for you, and if your business idea is viable in the longer term.

The Marches Growth Hub will be able to provide you with plenty of training and advice about self-employment, and where to find suitable premises and support.

The grant is available for premises or stalls in Hereford city and any of the five market towns across the county.

The grant will provide a range of funding from £500 to £2,500. You will need to set out a clear proposal describing the activity you want to undertake and what you require the funding for.

The grant will pay for rent for the period of the pop up trial, reasonable fixtures and fittings and marketing costs.

In order to be eligible for a Start-up Trial Grant, you must be a pre start or trading/registered for no more than six months.

If you are interested in applying for the grant, please read the associated terms and conditions first, then if you are happy to proceed:

Complete the Revive and Thrive expression of interest form

and return it to Reviveandthrive@herefordshire.gov.uk