Targeted Regeneration Investment Programme - Thematic Funding
We are pleased to announce the availability of the Targeted Regeneration Investment (TRI) programme. The Regional programme looks to support area based regeneration projects that promote economic regeneration - creating jobs, enhancing skills and employability and creating the right environment for businesses to grow and thrive – with a focus on individuals and areas most in need to ensure prosperity is spread to all parts of Wales.
Carmarthenshire’s priority areas are:
- Llanelli town centre
- Station Road, Llanelli
- Ammanford town centre
The programme has two main thematic funding streams, a property enhancement development grant and sustainable living grant.
Property Enhancement Development Grant (PEDG)
Will address the requirement for retail and commercial floor space that meets the needs of businesses by providing gap funding for vacant commercial building occupiers and owners to enhance building frontages and bring vacant commercial floor space back into beneficial business use. In addition, where a local need has been identified, it would fund development projects that create new commercial floor space.
Sustainable Living Grant (SLG)
Will support the conversion of vacant commercial floor space into new homes and can be used alongside the Property Enhancement Development Grant and other initiatives to ensure comprehensive mixed use regeneration of properties.
The aim of the funding is to convert vacant floor space on upper floors into new residential accommodation. The minimum requirement from each scheme is 1 x 1 bedroom self-contained flat. Student accommodation and bedsits are not eligible for grant funding. A maximum of £20,000 grant can be considered eligible per residential unit created.
If you are interested in the funding and have a deliverable project within our priority areas we would like to talk to you. Applications will only be considered following discussion and understanding of your project directly with you as the applicant.
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