Thu 21 September 2017
Bradford City Centre is an economic priority for the Council and for Bradford District. As an economy of substantial scale, Bradford is also a critical part of the Leeds City Region and has been identified as a strategic growth centre in the Leeds City Region Strategic Economic Plan.
As a direct result of the recession the Broadway shopping development in the city centre stalled in 2008. In response, the Council launched the City Centre Growth scheme in November 2014. This ambitious scheme was developed to create the right conditions for business, to make the City Centre a great place to set up, grow and run a business. The scheme’s aim was to help push forward the shopping centre development and also to help bolster the rest of the City Centre, making businesses more resilient to the changes the shopping centre would bring.
The scheme created a designated Zone focussed around the City Centre within which businesses could access business rate rebates and capital grants thereby encouraging tenants that are new to the city centre, increase city centre diversity or provide a unique selling point. The awarding of rate rebate and capital grants was linked explicitly to long term job creation and the unlocking of previously unused commercial space, encouraging businesses to move into the city centre growth zone and to expand within it.