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25/10/2017

Sargeant launches Welsh £100m regeneration programme

Words: Laura Edgar
Carl Sargeant | National Assembly for Wales

Welsh communities secretary Carl Sargeant has launched a £100 million regeneration programme aimed at building resilient communities.

The regeneration programme will be able to invest in projects from April 2018 onwards.

Local authorities and partner organisations will be able to apply for funding for projects that promote economic regeneration and sustainable development, with activities focused on the people and areas most in need.

Sargeant said the programme is crucial to driving prosperity and building resilient communities in all parts of Wales, rather than just in those areas that offer the best commercial returns.

“There are particular challenges around tackling inequality and developing well-connected and sustainable communities in areas which are economically disadvantaged or blighted by earlier heavy industries. We also recognise there are different challenges in rural areas.”

He said local authorities and regional partnerships should use the funding to complement and reinforce the other investments they are making, such as in city deals, metros and proposals from the Valleys Taskforce.

“I am also keen that this new capital investment should act in support of the other programmes under way seeking to build more resilient communities, including our employability and skills programmes.”

According to the government, resources will be focused on a limited number of investment proposals with a strong and clear economic basis for regeneration.

A National Regeneration Investment Panel will be established to ensure that the investment is used as effectively as possible across Wales.

Image credit | National Assembly for Wales

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