THE Welsh Government has contributed £900,000 to a multi-million regeneration scheme to renovate and redevelop housing in Rhyl.
Delivered by Denbighshire County Council and Pennaf Housing Group, the first phase of the £4.6 million project aims to deliver 32 “affordable” homes in the coastal town.
The Welsh Government’s contribution, announced by deputy housing and local government minister Hannah Blythyn, comes from the Targeted Regeneration Investment Fund.
“This investment will create 32 affordable homes, revitalising old properties and will help to contribute to wider regeneration work going on locally. They will also contribute towards our commitment to build 20,000 affordable homes during this Assembly term,” she said.
“At the beginning of January, we announced £2.5 million of regeneration investment to support Denbighshire Council to buy and redevelop the Queens Buildings in Rhyl, which together with this investment is part of a much wider regeneration programme. I look forward to seeing this work develop, including these fantastic new homes in the area.”
The Welsh Government’s flagship Targeted Regeneration Investment programme is providing £100 million of capital funding across Wales over three years to support regeneration projects in town centres and neighbouring areas.
This funding is supported by estimated further investment of at least £60 million from other organisations and businesses, providing an overall boost of £160 million to communities all over Wales. This is part of the Welsh Government’s regeneration strategy, which will invest £800 million between 2014 and 2023. This includes around £250 million from the Welsh Government supported by more than £550 million from other organisations and businesses.
“This funding will enable the council and Pennaf to undertake further improvements to housing in the West Rhyl Regeneration Area,” said Councillor Tony Thomas, Denbighshire’s lead member for housing, regulation and the environment. “[It will] build on the success of the earlier property acquisition programme undertaken by the council and the investment in new homes… It will also contribute towards the delivery our Corporate Plan priority to provide affordable homes in the county.”