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Wales unveils £10m funding to rejuvenate town and city centres

Cardiff City Street
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Kiran Paul
By Kiran PaulJan 03, 2025
Kiran Paul
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The Welsh government has on Thursday announced £10million in Financial Transaction Capital to fund regeneration projects across the country

The, has made £10m in Financial Transaction Capital available to fund regeneration projects across the country.

The Transforming Towns Loans programme supports local authorities with town and city centre regeneration projects and has allocated more than £62m since its launch in 2014.

The aim of the scheme is to reduce the number of vacant and underutilised sites and buildings to diversify our town centre offers and increase footfall.

The funding also encourages more sustainable uses for empty premises, such as leisure, key services and conversion to town centre residential, and help to prevent some of the activity from being relocated to edge of town development.

“Our Transforming Towns Loans programme improves the places where people live and work, creating a sense of place and vibrant high streets,” Jayne Bryant, the cabinet secretary for housing and local government, said.

“Empty and disused buildings are a wasted resource in our communities, and our town centre funding will create job opportunities and bring life back to high streets and disused and forgotten buildings at the heart of their town centres.

“I encourage local authorities to utilise this funding and look forward to seeing their plans to create job opportunities and bring life back to the forgotten buildings in the heart of their communities.”

Applications for the 2024/25 round of loan funding closes on 10 January 2025.

financial transaction capitaltransforming towns loanshigh streets

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