Opportunity for social entrepreneurs to apply to win rent-free London shop unit
Hounslow Council initiative keen to support launch of “pioneering” retail business with package of business and financial support on offer
Budding social entrepreneurs have the opportunity to win a rent-free London retail unit with high street frontage in a new competition launched by the Brentford High Street Steering Group, the Canal Rivers Trust and Hounslow council.
Open to those looking to “give something back” to the local community, the initiative will award one “great” retail business idea with a Brentford shop unit, alongside 12 months business support and either a start-up grant or 80% business rates relief depending on whether the idea relates to a private business or charity.
Currently branded ‘Brentford Works’, the site is said to be ideal for retail use but there is the option to apply for a change of use.
Eligible entrepreneurs are expected to support the local area in some capacity; whether it be creating jobs for local people or engaging local businesses, and will need to provide a “robust financial plan” to prove that the idea is financially sustainable.
Cabinet member for Communities and Economic Development, councillor Sue Sampson, commented on the initiative:
“We are offering budding entrepreneurs a unique opportunity to set up shop in an upcoming part of West London and boost the local retail offer. It’s a great chance to get your business idea off the ground and to give something back to the community”.
Entries for the competition close on January 8 2015, to find out more or to download an applicants’ pack click here.