The No Use Empty scheme, run jointly by Folkestone & Hythe District Council and Kent County Council, aims to bring long-term empty properties back into use as quality housing. This initiative provides financial support through loans, enabling property owners to renovate unoccupied homes for rental or sale.
Here’s a quick overview of the No Use Empty scheme:
| Feature | Details |
|---|---|
| Main Aim | To provide loans for renovating empty properties |
| Loan Amount | Up to £45,000 per unit (includes a top-up of £20,000) |
| Duration Before Eligibility | Property must be empty for at least 6 months |
| Loan Repayment | Upon sale of the property or within 3 years of rental |
| Total Funding Since Launch | Nearly £60 million for 1,424 homes across Kent |
| Local Investment | 251 housing units funded in Folkestone & Hythe district |
The program helps not only in creating housing but also rejuvenates neighborhoods and supports community wellness. If you’re interested in this scheme, you can find more details on reporting or owning an empty property.
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