Property investment grant

This grant is available to landlords to assist them in renovation/improvement work to a property so as to improve the overall property standards.

We operate an incentive scheme to encourage partnership working with local landlords to provide a vibrant private rented sector that we can utilise.

Landlords with properties located within the borough could receive up to 60% of eligible renovation works. In return the landlord will need to allow us nomination rights to the property for a continual period of 3 years at a rent level that is no greater than 10% above local housing allowance levels.

If you are not in a position to contribute towards the renovation work then a grant may still be available but the amount and nomination period will be assessed on a case by case basis.

The maximum amount of grant will depend on the size of the property:

• studio flat £1,500
  
• 1 bed property £2,000
  
• 2 bed property £2,500
• 3 bed or more property £3,000
• HMO with 3 rooms or more £3,000 

For more information please download the application form and certificate of letting.