£1 million to regenerate town centres
A new £1 million regeneration fund to help boost town centres has yesterday been announced by Housing and Regeneration Minister Carl Sargeant.
The Welsh Government fund will support twenty Town Centre Partnerships across Wales that are encouraging activities that contribute to:
- increasing footfall
- increasing public, private and community investment
- reducing the impact of vacant properties
- supporting businesses and services to establish, grow and prosper
- supporting diversification by promoting alternative uses (such as residential and leisure)
- supporting innovative approaches to regeneration
Each Town Centre will receive £50k, with an expectation that match-funding of a minimum of 50% will be put forward from other sources.
The Minister said:
“Our High Streets should be the community spaces at the heart of our towns and villages, places to visit and to trade that produce a vibrant local economy and community.
“These are challenging times for our towns and city centres and many of the issues being faced require a local, tailored approach. The new funding will support this and will help the successful applicants give their town centres the boost they need.”
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