Funding bid submitted to regenerate Holyhead

A major funding bid that could spark the regeneration of Holyhead in Anglesey has been presented to the UK Government.Isle of Anglesey County Council has formally submitted its multimillion-pound bid to help transform the town.”Holyhead: A culture and heritage driven transformation” aims to reverse the decline of the town centre, and increase pride of place for residents.The bid document proposes a package of projects to increase employment; improve the town centre offer and visitor experience; increase footfall and spending; provide modern floor space to meet business needs and increase access to the arts, culture and leisure.If successful, the bid would secure £22.5m of investment, including £17m from the Levelling Up Fund, and bring forward £54m in benefits to the local community.The UK Government is expected to make a decision on the competitive bidding process during the autumn.The Isle of Anglesey County Council has worked in partnership with Holyhead Town Council, Môn CF, the Ucheldre Centre and the Church in Wales to understand the area’s needs and present a package of interventions in and around Holyhead.Anglesey Council deputy leader and economic development portfolio holder, Councillor Carwyn Jones, said: “Now that the bid is submitted we have a little bit of time until the autumn to hear the outcome. If successful, it will act as a major step towards the revival of Holyhead, with benefits that spread across the whole island.”Virginia Crosbie MP added: “I have seen first-hand the volume of work that has gone into preparing this bid and it is down to the commitment of everyone involved, from residents, businesses, Holyhead Town Council, and all the other partners that we have this ambitious bid to transform the area.”The Levelling Up Fund is a competitive funding programme assessed and administered by the UK Government. Local Authorities are the only body who can submit applications to the fund which covers three key priorities; supporting town centre and high street regeneration, local transport projects, and cultural and heritage assets.