Win your very own shop at Lower Precinct

Ever fancied starting your own store? Got a business idea that you think would work on the high street? Keep reading, because Lower Precinct Shopping Centre in Coventry is giving you the chance to realise your dreams!

Lower Precinct has launched a ‘Win A Shop’ competition, giving one budding entrepreneur the chance to win a shop unit in the Coventry-based shopping centre for 12 months! You’ll be joining high street favourites including Caffe Nero, H&M, Next, New Look, Pandora, The Entertainer, as well as some great independent retailers.

The team at Lower Precinct is looking for someone with a great business idea, an eye for retail detail, and the passion to succeed. Entries are open to any new business, providing you haven’t applied for a unit at Lower Precinct before. The package includes:

  • A license to occupy Unit 1 Sherbourne Arcade, Lower Precinct Coventry for 12 months rent free, with no liability for rates (please note: you will, however, be liable for your own service charge and insurance)
  • Design and print of a shop sign to welcome you to the centre, as well as printing of relevant marketing materials to support the launch
  • 12 months marketing support via Lower Precinct Coventry’s marketing channels
  • A one-to-one marketing session from local agency, EAST VILLAGE. about getting the word out about your store and how best to promote yourself
  • 12 months’ marketing via Coventry Business Improvement District’s marketing channels
  • Free one year membership for Coventry & Warwickshire’s Chamber of Commerce

If you are interested in applying to open your own shop at Lower Precinct Coventry, you have until 19 October 2016 to complete this application form, which includes a synopsis of your business idea, what the business will be, how you will deliver it, your plans for longevity, and why you think you should win.

Entries will be reviewed and a shortlist of three will be invited to present your business plan to a panel of judges. The final decision will be made and the winning entrant informed w/c 24 October. You will then have until 21 November to set up your store and open doors ready for the Christmas rush.

Download the application form here.

Terms and Conditions

  • Applications are open to new businesses only (sole traders and limited companies, registered on Companies House) less than two years old.
  • Applications will not be considered from any business that has previously applied to Lower Precinct Coventry as a temporary or permanent let.
  • Applications will also not be considered from any businesses subject to liquidation or bankruptcy.
  • The shop unit is Unit 1 Sherbourne Arcade at Lower Precinct Coventry.
  • The prize includes 12 months free rent but the winner will be responsible for paying their own service charge, utilities and insurance. For the period 01/09/15 to 29/09/16, the insurance charge was £159.64 and service charge was £4,887.27. Insurance cost is subject to change after 29/09/16 and service charge is subject to change from 01/01/17.
  • The rates for the unit will be paid for by the landlord of Lower Precinct Coventry.
  • Applications will be reviewed by a judging panel, with three shortlisted to present a business plan
  • The Landlord reserves the right to withdraw the competition at any time and without notice at its absolute discretion