Further Town Centre Funding Released

Another round of funding from the Welsh Executive has been released under the Transforming Towns Loans Funding, many people think this is purely for urban landscaping or to reinvigorate retail, but hospitality can also benefit.

The fund has been in place for some time and has over the years released some £67 million,

In the past Blaenau Gwent has advanced monies for the restoration of derelict pubs and hotels, two significant successes being the Railway Hotel in Abertillery and the Tredegar Arms Hotel and Restaurant in Tredegar.

Both buildings were derelict, but both are now thriving businesses. The Railway Hotel had £200,000.00 of funding for a new roof, and internal works to create a modern bar and restaurant along with a large function room that can hold up to 200 people.

Councillor John Morgan, Blaenau Gwent Council’s Executive Member for Place and Regeneration said:

We are committed to working to tackle the economic challenges currently facing both our communities and our businesses and are keen to build on the recent successes we’ve had in supporting our town centres to regenerate and revive.

It’s been great to work in partnership with the Welsh Government’s Transforming Towns programme and especially the town centre Loans scheme, which has seen us work with several local business owners to bring a significant number of properties back into use and revive them for the economic benefit of the local area; the people living in our communities and to create employment opportunities.

We continue to have exciting plans under the Transforming Towns programme to make sure our town centres are fit for purpose and appealing to consumers, as we work to tackle economic deprivation and create further economic opportunities for our communities.

Applications need to be submitted by 2^nd November.