Wrexham Council have announced that they have been able to secure £1m funding from the Welsh Government for the Town Centre Regeneration Fund for 2018/19.
This is on top of the £1m awarded through the same fund last year.
The money will be used in Wrexham and will be provided in the form of interest free loans to support the acquisition of properties and land within Wrexham Town Centre.
These loans will help people, businesses and organisations to purchase land and property in the town centre so that they can be used to their best potential.
This could include commercial, leisure, residential and mixed-use developments.
An example used by the council was the development of town centre hotels which is a key area that has been thought of and suggested for funding.
The funding will be especially useful for helping to develop properties, which are currently under-utilised; however, it will also help contribute towards the wider regeneration of the region.
Lead Member for Economy – Economic Development and Regeneration, Cllr Terry Evans, said: “There is currently a lot of good work being carried out on Wrexham Town Centre and we want to ensure we are doing as much as we can as a council to support this.
“I am delighted that we’ve been able to secure this funding from the Welsh Government. It’s another positive step in the right direction and will go a long to way in helping to support positive developments around the area.”
No matter where you live in the county borough, there are a number of ways Wrexham Council may be able to help support you to develop land and properties for both commercial and residential use.
This includes a variety of loan schemes, which can be used for purposes such as improvement schemes and bringing empty properties back into residential use.
For more information on the support available you can contact 01978 298993 or email email@example.com