Construction News

06/02/2017

Welsh Govt Unveils £10m Town Centre Regeneration Boost

The Welsh Government has unveiled a new £10 million fund to help regenerate town centres across the country.

The funding forms the third phase of the Vibrant and Viable Places Town Centre Loans Fund, which will support town centre redevelopment in 12 areas.

Councils who have secured funding are; Denbighshire, Newport, Neath Port Talbot, Cardiff, Pembrokeshire, Wrexham, Conwy, Powys, Gwynedd, Rhondda Cynon Taff, Ceredigion and Anglesey.

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Cabinet Secretary for Communities and Children, Carl Sargeant, said: "This funding will help Local Authorities regenerate their town centres by helping them find sustainable uses for empty sites and premises such as affordable town centre homes or tourist and leisure attractions.

"As well as making town centres more attractive places to live this loan scheme will help encourage investment into these areas as well as support the local economy."

(LM/MH)

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