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$800K up for grabs for Newcastle inner City businesses July 13, 2021 Projects that are designed to draw people into Newcastle and make the city even more vibrant can now apply for a share in $800,000. The funding is through Newcastle City Council’s Special Business Rate (SBR) program that uses levies paid by business owners for the promotion, beautification and development of precincts in the City Centre/Darby Street, Hamilton, Mayfield, New Lambton and Wallsend. The next round of funding is now open with the $800,000 available for businesses specifically in the City Centre and Darby Street area. More than $1.6 million was distributed through the SBR program in 2020/21 to 19 projects successful under the contestable funding rounds, as well as funding and support services for Business Improvements Associations in the five precincts. ....
City of Newcastle Projects designed to draw people into the City Centre and Darby Street will share in around $800,000 as part of a funding program driving visitation and vibrancy across Newcastle. City of Newcastle’s Special Business Rate (SBR) program uses levies paid by business owners for the promotion, beautification and development of precincts in the City Centre/Darby Street, Hamilton, Mayfield, New Lambton and Wallsend. More than $1.6 million was distributed through the SBR program in 2020/21 to 19 projects successful under the contestable funding rounds, as well as funding and support services for Business Improvements Associations in the five precincts. Modelling by REMPLAN shows last year’s SBR funding generated a total economic impact of $5,821,261 for the city with a return on investment of 349%. ....