Welsh Government Ministers have announced an additional £24 million package of support to revitalise Wales’ town centres.
- £18.4 million of Transforming Towns loan funding will breathe new life into old and empty properties.
- £3.34 million will help high street businesses grow and embrace innovative digital technology that will help their business thrive as part of the Year of SMART Towns.
- An additional £3 million will be used to incentivise more North Wales businesses to locate in town centres.
A separate £3 million North Wales town centres entrepreneurial fund will incentivise new entrepreneurs to locate their businesses within the town centres of Wrexham, Rhyl, Colwyn Bay and Bangor. The fund comprises grant and loan funding; the loan funding will be provided by Development Bank of Wales.