Town Centre Loans Fund

Page updated on: 11/04/2024

As part of our commitment to enabling and supporting the regeneration and diversification of our town centres in the county, Carmarthenshire County Council have secured an additional repayable finance scheme via the Welsh Government Town Centre Loans Fund, with the aim of bringing vacant, derelict or underutilised properties and redundant development sites in the primary town centres of Carmarthenshire back into economic use. 

The objective of the Town Centre Loan scheme is to incentivise and enable property refurbishment and new build in all the town centres in Carmarthenshire, by offering interest free loans to property owners, developers, investors etc, who will in turn encourage sustainable re-use of vacant, underutilised and redundant sites and premises. This intervention will result in the creation of town centre floor space for commercial, leisure and residential use.

The completed premises will contribute to new, vibrant and diverse Town Centres, resulting in increased footfall and confidence, ensuring a sustainable and bright future.

What is on offer?

Interest free loans between £25,000 and £1Million 

The loan can only support a maximum of 75% of the loan to value of project cost.

An administration fee will be charged for individual loans to cover costs associated to the processing and management of the loan and to reflect the level of risk. The fee, which will be determined by the Loan Panel, will not exceed 15% of the loan amount but is likely to be much less.

The final costs associated with the administration fee can either be paid to Carmarthenshire County Council in full before the loan is drawn down or paid in stages to correspond with the repayment terms of the loan.

The maximum term of a loan will be for 5 years.

There is a choice of repayment terms:

  • Full repayment at the end of the loan term
  • Repayment of 50% of the amount in Year 4 with the remaining 50% in Year 5
  • Upon sale of the property or within 5 years of the loan payment date, whichever is earliest

Who can apply?

Eligibility is restricted to owners or potential owners of properties for the purpose of reducing the number of vacant, derelict or under utilised premises and redundant development sites in Carmarthenshire Town Centres. 

Owners may include:

  • Businesses (sole traders/partnerships/companies)
  • Developers
  • Landlords
  • Social enterprises
  • Tenants
  • Housing associations
  • Private residents

See guidance document below for more information

Guidance Document

Check property eligibility in:




Burry Port

Cross Hands







Newcastle Emlyn

St Clears


Please ensure you read the guidance document.

For further information on the funding scheme or to express your interest please email