Monmouthshire County Council has announced the establishment of a £1.25m loan scheme to help bring back to life underutilised and redundant sites and buildings in Abergavenny town centre.
Funded under the Welsh Government’s ‘Vibrant and Viable Places’ initiative, the scheme will provide interest-free loans to owners to refurbish, convert or develop redundant, vacant and underutilised sites and premises in the town centre.
Loans are available for eligible projects over a term of five years. Once repaid the money can be recycled into new loans.
Initial funding is available until September 30th 2016. A one-off 5% administration fee will apply.
County Councillor Bob Greenland, Monmouthshire’s cabinet member with responsibility for enterprise and innovation commented: “I’m delighted that the council’s bid for a share of the Welsh Government’s Vibrant and Viable Places programme has been successful. Funding will now be invested into Abergavenny’s redundant town centre sites and buildings making it an even more attractive place to live and visit while helping to boost the local economy.”
Contact Strategy & Policy Officer Stephen Griffiths – stephengriffiths@monmouthshire.gov.uk – or telephone 01633 644455 for more details of how to apply.
