Welsh Government announces new regeneration funding

Welsh Minister for Housing and Regeneration, Carl Sargeant has announced a £2 million fund for areas of socio-economic deprivation in Wales.

The Welsh Government writes:
The additional funding comes on top of the £5 million announced last September as part of the Welsh Government’s Vibrant and Viable Places Tackling Poverty scheme and means that 7 local authorities will now each receive £1 million.

The communities who will receive the funding are Tredegar, in Blaenau Gwent; Rhymney, in Caerphilly; Grangetown, in Cardiff; Llanelli, in Carmarthenshire; Rhyl, in Denbighshire; Caernarfon, in Gwynedd and Barry in the Vale of Glamorgan.

The Minister said: ‘The Welsh Government is committed to tackling poverty and making a real difference to the lives of people across Wales. Regeneration continues to play a vital role to this end and I’m delighted to be able to announce this increase in funding.  Each of the seven local authorities will receive £1 million each and I want to see this used to contribute to the regeneration efforts in these areas with the aim of creating more jobs and training opportunities.  We will now discuss with the local authorities concerned to decide the best way of meeting these objectives and ensuring that local communities get the maximum benefit from this funding.’

The funding is for communities who were unsuccessful in bidding for a share of the £100m Vibrant and Viable Places fund but who are in the top 10% of the Welsh Index for Multiple Deprivation.

Previous IHBC newsblog on Welsh regeneration funds

Welsh Government funding announcement

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