Torfaen Town Centre Placemaking Fund
Torfaen County Borough Council is now inviting Expressions of Interest (EOI) for a new grant programme which seeks to continue the regeneration of key buildings within Pontypool, Blaenavon & Cwmbran Town Centres.
Funded by the Welsh Government’s Transforming Towns Programme and administered by the Council, the soon to be available ‘Torfaen Town Centre Placemaking Fund’will support the external and internal improvement and re-use of vacant or under utilised buildings/floorspace within the defined Town Centre boundaries of each town for commercial and/or residential use by providing grant funding through:
- The URBAN CENTRE PROPERTY ENHANCEMENT FUND – supporting grant applicants to enhance building frontages and bring vacant commercial floorspace back into beneficial use.
- The URBAN CENTRE LIVING GRANT FUND – supporting grant applicants to undertake external and internal works to improve vacant or under utilised space above shop/commercial frontages with the intention of assisting applicants to bring that space back into use for residential purposes.
It is also possible to combine both grant funds to deliver commercial and residential improvements together.
There is a limited timeframe on this Grant Programme. EOI’s must be received by 19th August 2022 for schemes ready for delivery from April 2023 onwards.
Who can apply?
The Placemaking grants programme provides targeted financial assistance to new and existing enterprises within the town centres of Pontypool, Blaenavon & Cwmbran. Please note, grant will only be available to owners of the freehold interest in the property or to lessees holding a minimum 7-year lease remaining on the property.
What funding is available?
The maximum intervention rate is yet to be confirmed, but could be up to 70% of Total eligible Project Cost, up to a maximum grant of £250,000. While grant of up to £250K may be available, subject to eligibility and deliverability status, the overall budget is limited and competitive.
The request and intervention rate must be the minimum required to bring the project forward.
An Expression of Interest (EOI) Form, and associated guidance can be downloaded below:
Please return the completed form to firstname.lastname@example.org
When E-mailing please use “TCBC PMF EOI” as the Subject / Reference.
Last Modified: 22/08/2022
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