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Independent group heralds success of flagship £100m regeneration programme

This press release was published under the 2011 - 2016 Welsh government

An independent review of Vibrant and Viable Places (VVP), the Welsh Government’s flagship £100 million regeneration scheme, has found it is delivering significant benefits to the Welsh economy and communities across the country.
Tuesday 27 October 2015

The report highlights the programme will create more than 2,000 jobs, support 3,000 people into work and bring a further £300 million into Wales. It is also expected to deliver 1,000 additional affordable homes and more than 2,300 homes in the private sector.

Through VVP, 11 local authorities across Wales are sharing £100 million in capital funding between 2014 and 2017. The funding is being invested in a range of regeneration projects in town centres, coastal communities and Communities First areas, with significant progress being made across Wales

An independent group was appointed to review the success of VVP to inform future funding decisions for the programme. Their report endorses the scheme’s aims and says it is generating major benefits for Welsh communities, while setting out ways the programme could be strengthened even further in future, should there be another funding round.

Minister for Communities and Tackling Poverty, Lesley Griffiths, said:

"Our flagship VVP programme is at the very heart of our work to create jobs, boost the economy, increase the supply and quality of housing, and tackle poverty.

"This is why I am delighted this independent report so clearly endorses our approach to regeneration and highlights the huge impact the programme is set to have in Welsh communities.

"I would like to thank the group’s members for using their wealth of expertise in various areas to assess the success of VVP and inform future work."

The Ministerial Advisory Group is made up of key representatives from housing, business and the third sector, including Wales and West Housing, Airbus, Boots, Home Builders Federation, Federation of Small Businesses Wales, Citizens Advice Cymru and the Welsh Local Government Association.

Over the past year the group has visited a range of projects across Wales and saw the good work being achieved through VVP. In Wrexham, the programme has backed the creation of Sprouts nursery, which provides quality childcare facilities for local families. The group also saw how VVP is creating new homes and commercial space in Swansea and Newport, and supporting an Enterprise Centre on Merthyr High Street, which is helping new and existing businesses to grow.

Anne Hinchey, Chair of MAG and Chief Executive of Wales & West Housing, said:

"VVP is offering the Welsh Government a very positive foundation to build upon. It offers a clear vision and provides a flexible framework on which bespoke regeneration strategies can be developed. We have seen some excellent projects in progress. Our key over-arching recommendation to the Welsh Government is that this policy area should continue. It is still early days, but the position where we are currently is positive and the programme is making a valuable contribution in many areas across Wales."

 

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Ministerial Advisory Group Vibrant and Viable Places

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Housing and Regeneration 27 October 2015 Regeneration Mid Wales North Wales South East Wales South West Wales
 
 

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