PKC Adapt Your Property Grant to Accelerate Regeneration

The Adapt Your Property Grant is a targeted regeneration funding programme designed to bring vacant and underused buildings back into productive use. Offering 50% match funded grants of up to £75,000 the initiative helps unlock challenging sites and improve the viability of commercial property redevelopment.

For businesses and investors, this reduces upfront risk and enables projects that may otherwise not progress, particularly in town and city centre locations where refurbishment costs can be a barrier to entry.

A key advantage of the scheme is its accessibility. The grant is open to property owners, businesses, developers and third sector organisations, supporting a wide range of commercial property and mixed-use developments. This flexibility allows investors to explore opportunities across retail, office, hospitality and community-led enterprise projects.

Councillor Eric Drysdale, Leader of Perth and Kinross Council, said, “The additional funding for the Adapt Your Property Grant reflects our clear commitment to supporting investment and regeneration across Perth and Kinross.

“Our focus is on creating places where businesses can succeed. Through continued investment in infrastructure, property and our city centres, we are ensuring Perth and Kinross remains a competitive and attractive destination for investment in Scotland.”

Projects are required to be deliverable within a 12-month period, ensuring that investment translates quickly into visible improvements—an important factor for maintaining momentum in town centre regeneration and boosting investor confidence.

The additional funding aligns with wider investment set out in the Council’s 2026/27 budget, including infrastructure improvements and city centre enhancement initiatives, creating a strong foundation for business growth and inward investment.

How the Adapt Your Property Grant Works

• Who can apply? Property owners, tenants, businesses, developers, charities and community organisations with eligible premises in Perth and Kinross.
• How much is it worth? Grants of up to £75,000, covering up to 50% of project costs.
• What it supports? Repair, refurbishment or conversion of vacant or underused properties into commercial, residential or mixed-use spaces.
• Key requirement? Projects must demonstrate a funding gap—showing the development would not proceed without grant support.
• What you need? A clear proposal, costings/quotes, and (for commercial projects) a business plan.
• What is the timescale? Approved projects must be completed within 12 months.
• Why it matters? The grant helps reduce upfront costs and unlock investment, bringing empty buildings back into productive use and supporting business growth.
• How to apply? Submit your application through Perth & Kinross Council, where proposals are assessed on impact, deliverability and value for money. 

Making an Impact in Perth City Centre

The impact of the programme is already visible in Perth city centre. YMCA Tayside utilised the grant as part of a wider £7 million redevelopment, transforming a long-vacant church and adjacent tenement into a modern skills hub and supported accommodation. The project has brought a prominent building back into active use while contributing to skills development and increased activity in the city centre. Read More > 

Further investment is being delivered through Perth and Kinross Opportunities Trust (PKOT), which is developing a new enterprise, skills and employability hub within a former bank building on South Street. Supported in part by the Adapt Your Property Grant, the hub will provide flexible workspace, business support services and opportunities for start-ups and small businesses.

Once operational, the facility is expected to support businesses and assist individuals into employment, training or volunteering, demonstrating the wider economic impact of targeted regeneration funding. Read More >

Councillor Drysdale added, “These projects demonstrate how targeted regeneration funding can deliver real economic value. By supporting developments that increase footfall, create jobs and provide space for businesses to thrive, we are strengthening the long-term competitiveness of our local economy.”