Gwynedd Council has established a specific £700,000 fund to rennovate buildings located in Caernarfon town centre.
This follows the Council’s successful bid for Welsh Government funding. Property owners can submit bids to the loans fund for completing improvements to properties for long term ownership, to sell, to let, or to make use of an empty site. Improvements can include making residential properties safe, warm or more secure.
Councillor Mandy Williams-Davies, Gwynedd Council Cabinet Member for Economy and Community said:
“We’re delighted that we have been able to secure funding for the loans fund. As a Council, we have been working closely with partners over the years to ensure the regeneration of the area, and these loans will certainly have a positive impact on the town, and allow businesses and residents to renovate buildings in the Caernarfon town centre area.
“We would urge anyone who believes they may be eligible to contact the Council’s business support team, and officers will be on-hand to advise you about the fund.”
The loan may not be used to refund other loans. There is no interest on the loan, however, a fee of up to 15% of the loan is to made payable for legal and administrative costs.