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No Use Empty Commercial Phase II


Approval Status


Fully Approved

Delivery Status


Project In Progress

Expected Repayment Date


Spring 2027

​The No Use Empty Commercial Phase II project will allow Kent County Council to build on the success of Phase I of the project and will support the continued provision of short-term secured loans to bring empty commercial properties back into use for alternative commercial, residential or mixed-use purposes.

The project will continue to focus on town centre (particularly in coastal areas of Kent), where secondary retail and other commercial areas have been significantly impacted by changing consumer demand and have often been neglected as a result of larger regeneration schemes.

The No Use Empty Commercial Phase I project also received Growing Places Fund investment totalling £1m. Further details can be found here.

Capital Programme delivery update

Take a look at our update on the delivery of the Local Growth Fund (LGF) and Growing Places Fund (GPF) capital programmes.

SELEP Capital Investment Programme

Growing Places Fund

The Growing Places Fund (GPF) was established by the Ministry for Housing, Communities and Local Government (formerly the Department for Communities and Local Government) and the Department for Transport (DfT) in 2011. The aim of this funding is to unlock economic growth, create jobs and ‘kick-start’ house building at stalled development sites.

The GPF was made available to SELEP for investment as a recyclable loan scheme. Loan repayment schedules for each project are agreed within the credit agreement which is put in place at the start of the project. Repayments against these projects are returned to the central pot for reallocation to new projects. Through the GPF Round 1 awards, a total of £47.459m GPF was awarded to 13 capital infrastructure projects across the South East LEP area. Repayments are now being made by the Round 1 projects which has allowed funding totalling £20.387m to be allocated to a further 13 projects through GPF Rounds 2 and 3.
Funding value: £2,000,000
Total Project cost: £4,500,000 (estimated)
Return to Capital Investment