Isle of Anglesey County Council has formally submitted its multi-million pound bid to help transform the town.
"Holyhead: A culture and heritage driven transformation" aims to reverse the decline of the town centre, and increase pride of place for residents.
The bid document proposes an exciting package of projects to increase employment; improve the town centre offer and visitor experience; increase footfall and spending; provide modern floor space to meet business needs and increase access to the arts, culture and leisure.
If successful, the bid would secure £22.5m of investment, including £17m from the Levelling Up Fund, and deliver over £54m in benefits to the local community.
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The UK Government is expected to make a decision on the competitive bidding process during the autumn.
The Island's largest town, Holyhead has some of the worst deprived neighbourhoods in Wales. The bid would see key local assets enhanced to make the area a better place to live and visit.
The Isle of Anglesey County Council has worked in partnership with Holyhead Town Council, Môn CF, the Ucheldre Centre and the Church in Wales to understand the area’s needs and present a package of interventions in and around Holyhead.
Anglesey Council Deputy Leader and Economic Development portfolio holder, Councillor Carwyn Jones, said: "We needed to ensure that our bid was well thought out and took advantage of the opportunities from the Levelling Up Fund to make a real and lasting difference to local people’s lives and opportunities.
"We've worked incredibly closely with our partners for nearly a year to progress and develop their ideas and have a strong bid that meets all of UK Government’s requirements. The bid needed the endorsement of local MP Virginia Crosbie, who has not hesitated in her support of the bid."
The Levelling Up Fund is a competitive funding programme assessed and administered by the UK Government. Local Authorities are the only body who can submit applications to the fund which covers three key priorities; supporting town centre and high street regeneration, local transport projects, and cultural and heritage assets.
