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Vibrant and Viable Places - Town Centre Loans Fund

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This newsletter provides the latest information on our town centre initiatives.

The £20m Vibrant and Viable Places Town Centre Loans Fund is helping to support town centre regeneration in 17 areas of Wales.

It will be used to reduce the number of empty, underused sites and premises in town centres. The properties will be redeveloped as shops, homes and leisure facilities.

The Town Centre Loans scheme compliments other Welsh Government schemes already in place including the Vibrant and Viable Places Tackling Poverty Fund and Town Centre Partnership Fund.

It works on a recyclable loan basis which means that once the money is repaid, it is used again to fund new loans.

The local authorities may re-invest the funding in other projects a number of times as long as those projects meet the aims and objectives of the Town Centre Loans Fund.

The funding may be recycled over a 15 year period and the Welsh Government will require it returned in full after 15 years.