A RETAIL incentive scheme to encourage businesses to move into vacant shops in Abbeyfeale has been given the green light by the county council.
The scheme provides financial incentives for new retail outlets opening in designated sections of the town.
The grant relief to be provided under the Retail Incentive Scheme for Vacant Property is as follows: Year One — grant relief is based on certified fit-out costs subject to a maximum of 50% of the annual rates liability for the first year. Year Two – grant relief is based on original certified fit-out costs as submitted at year one, subject to a maximum of 25 per cent of the annual rates liability for the second year. The scheme was introduced in Limerick city this year.
