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New town centre loan scheme

Over £400,000 is being made available to help bring empty sites and premises in Llanelli and Ammanford town centres back into use.

A new funding pot has been set up by Carmarthenshire County Council, with support from the Welsh Government, to support the regeneration of the town centres.

Developers will be able to apply for interest free loans towards their redevelopment projects, but must be able to prove that they will be creating town centre floor space for commercial, leisure or residential use.

The pot of funding is split equally between Llanelli and Ammanford, with people able to apply for a loan worth £25,000 or more, up to a maximum of 75 per cent ‘loan to value’ of their project cost, repayable over a period of five years.

Leader of Carmarthenshire County Council, Cllr Emlyn Dole, chairs town centre taskforce groups in both Llanelli and Ammanford.

He said: “This loan fund is part of an overall plan to support the regeneration of the town centres and encourage more private sector investment.

“We hope it will give developers the foot up the ladder they need to get their ideas off the ground, and in turn provide something new for shoppers and visitors to Llanelli and Ammanford.”

For further information visit the business section of www.carmarthenshire.gov.wales

  • Applicants who are aiming to develop properties for the purpose of residential use only can also explore options of applying for the Houses to Homes Loan Fund by contacting Leighton Evans, Empty Property Coordinator on 01554 899247 or LeEvans@carmarthenshire.gov.uk

Page Updated On: 17/07/2017 (16:05)