- March 28, 2018
- Posted by: Lesley Griffiths AM
- Category: Latest News
Extra Welsh Labour Government funding has become available to help regenerate Wrexham town centre.
More than £27.5m will be released to help rejuvenate high streets across Wales after an extra £7.5m was added to the Town Centre Loans Fund.
Wrexham County Borough Council has secured £2.5m and intends to utilise the loan to fund key developments in the town centre, Caia Park and Hightown.
The funding will be provided in the form of interest free loans and made available to the Local Authority, as well as other interested individuals, businesses and organisations. The loans will be used to purchase land and redevelop properties in the town centre which would ultimately help regenerate the area, stimulating further investment.
Wrexham Assembly Member, Lesley Griffiths said: “The Welsh Labour Government is investing in town centres throughout the country and it is clear Wrexham is benefiting.”
“This latest funding offers the chance to build on the significant initiatives already underway in the town with Welsh Government support, such as the Wrexham Enterprise Hub and Ty Pawb.”
“Coupled with the recent extension of the High Street Rates Relief scheme – which helps shops and pubs pay their business rates – it all demonstrates the Welsh Labour Government is delivering innovative schemes that are improving town centres and creating the right environment for businesses to grow and prosper.”
A total of 17 areas will share the £27.5m Town Centre Loans Fund, with Anglesey, Gwynedd and Denbighshire the other local authorities to benefit from the funding in North Wales.
The funding is linked to the Welsh Government’s Vibrant and Viable Places Programme, which awarded Wrexham Council £12.5m over three years in 2014.