Wrexham has been granted over £10m in an investment scheme that aims to help regenerate the town.
The Minister for Housing and Regeneration, Carl Sargeant has today announced the allocation of funding for the Welsh Government’s regeneration grant, Vibrant and Viable Places.
Over the next three years Wrexham will receive £10.594 million from the Welsh Government to use for a number of regeneration projects – helping to create jobs, tackle poverty, increase housing supply and improve community facilities.
In total Wrexham managed to secure 90% of the funding that was originally bid for.
Some of the money has already been earmarked for affordable housing, with 326 units set to be built. The funding is also set to create jobs in the construction industry, help people get back into work and create learning opportunities for the people of Wrexham.
The estimated worth of the project is expected to within the region of £27 million, with match funding coming from other sectors.
Cllr Neil Rogers, Leader of Wrexham Council said: “This is a big win for the whole of Wrexham. A lot of hard work has gone in to this bid and I’m thrilled that the town has been able to secure 90% of the money that we originally bid for.
“This money will be spent wisely on a number of innovative regeneration activities which will bring much needed jobs, training and new and improved housing to the town centre and adjoining Communities First areas of Caia Park and Hightown
“One of the main aims of our Council Plan is to ensure Wrexham and its people are supported to fulfil their potential and prosper and this multi-million pound investment will help us realise this ambition.”
The Minister said: “Despite the cuts imposed on us by the UK Government, this substantial funding is further evidence of how the Welsh Government is committed to supporting the people of Wales.
“These worthy projects will make a real difference to their communities and I’m delighted with the quality of the bids received.
“Many of the successful bids focus on the regeneration of town centres, which is about a lot more than filling empty shops. It is about creating a diverse and vibrant town centre with other services such as leisure, health and education at its heart and making the town centre an attractive place to live.
“Increasing housing supply is my number one priority and I hope that these successful bids will build on and compliment the excellent regeneration work in evidence across Wales through our Houses into Homes and Social Housing Grant schemes.”
The local authorities who will receive funding through Vibrant and Viable Places are Bridgend, Conwy, Flintshire, Isle of Anglesey, Merthyr Tydfil, Neath Port Talbot, Newport, Rhondda Cynon Taf, Swansea, Torfaen and Wrexham.