Property improvement projects in Llangefni, Amlwch, and Holyhead town centres will be able to apply for a new £250,000 regeneration fund.
The news follows a successful bid by Anglesey County Council to the Welsh Government’s Vibrant and Viable Places town centre loan fund.
Town centre property owners will be able to apply for loans to help fund improvement works such as creating modern residential accommodation in currently vacant floor space. The loan helps the developer during the construction period, and becomes repayable after an agreed period. The loans are interest-free but some fees will apply to cover related costs. Repaid funds are then re-cycled and used to fund new projects.
Anglesey’s Housing and Social Services portfolio holder, Councillor Aled Morris Jones, said:
“I very much welcome this new funding awarded to help improve Llangefni, Amlwch and Holyhead town centres over the next 15 years. This new scheme will help the adaptation of vacant town centre floor space into modern homes, and will build-on and add-value to the existing Houses into Homes loan fund that we administer for eligible projects across Anglesey.”
Information about the new town centre and houses into homes loans is available from the Council’s Housing Service on 01248 752283.