Fife Council plans to address the decline in town centre activity by launching a new short-term pilot scheme offering discretionary reductions in rates for larger vacant properties and units.

 

High vacancy rates (ranging from 4.6% to 24.5% across Fife) have been the result of declining town centre footfall, limited private sector investment and dilapidation.

 

Mid-Fife towns have significantly higher vacancy rates with an average of 20.8%. This has prompted the Council and partners to take action and stop the trend.

 

£500,000 was allocated in last year’s budget to a town centre regeneration fund which will continue to be spent on various projects.

 

Read the full story in the Courier.

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