Welsh Labour Government Unveils £100m Regeneration Scheme

A new £100m programme of targeted regeneration investment has been launched by the Welsh Labour Government.

Local authorities, along with partner organisations, will be able to apply for the capital investment for projects that promote economic regeneration in areas most in need.

The £100m scheme is expected to run for three years from 2018 to 2021.

The new investment scheme replaces the ‘Vibrant and Viable Places’ capital programme which provided over £124m of funding to support regeneration activities in 18 communities across Wales.

Wrexham received over £10.5m as part of the Vibrant and Viable Places scheme in 2013. The funding contributed to a number of projects including the creation of an Arts Hub, helping improve residential properties, providing greater provision for older people’s accommodation in the town centre and redeveloping derelict buildings.

Having benefited from the previous regeneration scheme, Wrexham’s Assembly Member, Lesley Griffiths is hoping the town can once again capitalise.  She said: “In spite of the challenging financial circumstances, the Welsh Labour Government is demonstrating its commitment to investing in and regenerating communities nationwide.”

“Over £10m was secured for Wrexham under the previous scheme and I have written to the Local Authority urging them to apply for this second round of targeted regeneration funding.  It is an opportunity to deliver something positive for Wrexham and a chance for the Local Authority to outline a dynamic vision for the town.”

The new regeneration programme will be able to invest in projects from April 2018 onwards.

A National Regeneration Investment Panel will also be established which will be charged with ensuring the investment available is utilised as effectively as possible across Wales.