Town Centre Regeneration Loan Schemes
Cabinet Members will be asked to approve the criteria and approach to administering and managing a town centre regeneration loan scheme when it meets on Tuesday 23 May.
Flintshire County Council has been awarded a £2,450,000 town centre regeneration loan by Welsh Government.
The funding which is repayable aims to facilitate Welsh Government’s delivery of its strategic regeneration policy frameworks which seek to increase footfall and vibrancy, support the growth of the local economy, diversify the use of premises within the town centre, and help breathe new life into land and premises in town centre locations across Wales.
Commenting on the funding, the Cabinet Member for Cabinet Member for Climate Change and Economy, Councillor David Healey said:
“Town centre regeneration is a priority for the Council and this funding through the Welsh Government’s Transforming Towns initiative is a positive step forward in supporting town centres across Flintshire.
We are committed to reducing the number of vacant, underutilised, and redundant sites and premises in our town centres and supporting diversification by encouraging more sustainable uses for empty sites and premises across the county.
The funding will enable the Council to work with property owns and developers to support investment in their premises and deliver council-led regeneration projects.”
Cabinet Members will be asked to approve the criteria to manage and administer the funds which include acquiring and unlocking sites and premises with the intention of packaging and selling a proposal on the open market; redeveloping or refurbishing sites and premises; providing loans to third parties for repayment within an agreed timeframe.
Those interested in the details of the scheme should contact the Council’s Regeneration Team firstname.lastname@example.org to discuss their proposed scheme further.