You need to demonstrate the range of social, economic and environmental benefits your business provides to the local area. These responses will be assessed by a panel, who will score the responses and make a recommendation as to any rent support.
Broadly speaking, the more community benefits your business provides, the higher the rent discount your business might be eligible for, up to a maximum of 50% discount on the rent increase.
There are 3 types of benefits that your business might provide- social, economic and environmental. Each type counts towards the assessment, and each is weighted to give an overall score out of 100. Social benefits count for 40% of the total score, Economic for 40% and environmental 20%.
The benefits you outline will form part of a grant agreement if you are successful. You will be required to evidence your performance for each benefit. Failure to deliver the benefits may result in the removal of the grant, and the full rent will be due. Performance will be reviewed and monitored on an annual basis for the duration of the grant agreement (5 years).