We have secured funding from the Welsh Government Transforming Towns Programme to offer capital investment loans to regenerate properties in a number of our town centre areas:
- Abergele and Pensarn
- Towyn and Kinmel Bay
- Colwyn Bay (including Rhos on Sea)
- Mochdre and Old Colwyn
- Llandudno (including Craig-y-don)
- Penrhyn Bay and Llandrillo yn Rhos
- Conwy (including Deganwy and Llandudno Junction)
- Llanrwst
- Penmaenmawr
- Llanfairfechan
The main aims of the scheme are to reduce the number of long-term vacant, underutilised and/or redundant commercial sites and premises in town centres and support the economic recovery of town centres. The loan will be used to improve and repurpose properties for continued ownership, to sell, to rent or bring a vacant site back into use.
- Loans of up to £100k (higher amounts will be considered on a case by case basis)
- Interest free (an administration fee will be charged)
- Repayable over 3 - 5 years
- Cannot be used to repay existing borrowing
- Applicants will be subject to affordability checks
All projects supported by the scheme are expected to contribute towards some of the following outputs:
- Bring vacant premises back into sustainable use
- Support job creation/business growth
- Support targeted training/recruitment during the restoration/conversion of properties
- Increase the supply and quality of space on offer in town centres
- Support the vibrancy and vitality of town centres
- Contribute to the economic recovery of town centres
To discuss your proposal please contact:
Katie Minton-Rowlands
Development and Regeneration Project Officer
Telephone no: 01492 577329
E-mail: regen@conwy.gov.uk
