Market Leads & Opportunities
Council secures £1m to redevelop city centre sites
Newport City Council has secured £1m to support the redevelopment of empty or underused city centre properties by developers and investors.The council is to receive the funds from Welsh Government after applying for a town centre repayable funding scheme that offers interest-free loans to enable buildings to be brought back into use.Projects must relate to a property within the defined city centre area; reduce vacant or underused premises and encourage more sustainable uses such as offices, residential, leisure or key services.
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Construction firm, Simpson, has been appointed main contractor for the redevelopment of Kala Sangams Grade II Listed arts centre in Bradford, with work now having started on site.