The initiative will help continue the Council's plans to regenerate the city centre.
The Independent Retail Fund (IRF) will provide proprietors access to financial resources they need in order to assist with the necessary repairs and upkeep of their premises. It is hoped the improvements will enhance the appeal of Saltmarket which will, in turn, lead to further investment in the area.
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Launching the scheme, Councillor Gordon Matheson, Leader of Glasgow City Council, said: "Glasgow is the top retail destination in the United Kingdom outside of London and the council is committed to investing in local businesses.
"Saltmarket is one of the oldest parts of the city with its own distinct character. It is important that we continue the regeneration that has already taken place here.
"I am pleased to announce the launch of this pilot project as we look to assess new opportunities to make Glasgow the most innovative and progressive city centre in Europe."
The IRF Pilot will be undertaken in partnership with City Property (Glasgow) LLP and Ryden Ltd, and will work alongside owners and tenants to cost, schedule, monitor and manage improvement works.
Further details of the scheme can be found here.
(JP/IT)
