£500,000 regeneration fund cash

GWYNEDD Council has established a £500,000 fund to renovate buildings located in the centre of Bethesda and Penygroes.

This follows the Council’s successful bid from the Welsh Government’s Vibrant and Viable Places Town Centre Loans Fund. The scheme extends the fund that has been in place for Caernarfon town centre since November 2015 and Bangor City centre since March 2017 with a number of property owners using loans to improve the condition of buildings.

As part of the scheme in Bethesda and Penygroes, property owners can submit bids to the loans fund for completing improvements to properties for long term ownership, to sell, to let, or to make use of an empty site. Improvements can include making residential properties safe, warm or more secure.

Cllr Ioan Thomas, Gwynedd Council Cabinet Member for Economic Development said: “We’re delighted that we have been able to secure funding for the loans fund. As a Council, we have been working closely with partners over the years to ensure economic regeneration, and these loans will certainly have a positive impact, and allow businesses and residents to improve and renovate buildings in the centre of Penygroes and Bethesda.”

For further information about the fund, contact the Gwynedd Council Business Support Unit on 01286 679231, e-mail business@gwynedd.llyw. cymru or visit gwynedd. llyw.cymru/financialassistance