Regeneration fund could help redevelop buildings on Anglesey

Published date: 14 March 2017 |
Published by: Arron Evans
Read more articles by Arron Evans


Regeneration fund could see buildings on Anglesey be revamped. 

BUILDINGS in Holyhead, Llangefni and Amlwch could shortly be redeveloped thanks to the launch of a new regeneration fund.

The £250,000 chest, available for the next 15 years, follows a successful bid by Anglesey County Council to the Welsh Government’s Vibrant and Viable Places town centre loan fund.

Town centre property owners will be able to apply for loans to help fund improvements and create homes by bringing vacant floorspace back into use.

The loan helps the developer during the construction period, and becomes repayable after an agreed period.

The loans are interest-free but some fees will apply to cover related costs.

Repaid funds are then re-cycled and used to fund new projects.

Cllr Aled Morris Jones, Anglesey’s Housing and Social Services portfolio holder, said: “This new scheme will help the adaptation of vacant town centre floor space into modern homes, and will build-on and add-value to the existing Houses into Homes loan fund that we administer for eligible projects across Anglesey.”

For more information telephone the council’s housing service on 01248 752283.
 

For more news from across the region visit newsnorthwales.co.uk

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