Bangor BID

Funding available to support regeneration of Bangor city centre

Bangor property owners are being invited to attend a drop-in event next week to learn more about a £2.16 million funding pot available to renovate properties in the city centre area.

Published: Tuesday 19 March 2019

Invitation to meeting

Gwynedd Council, in partnership with Bangor Business Improvement District and Bangor City Council, has established a £2.16 million fund to renovate properties located in the Bangor city centre area. This follows Gwynedd Council’s successful bid from the Welsh Government’s Targeted Regeneration Investment Programme.

The Property Renovation and Investment Scheme  will complement the existing Bangor City Centre Loans fund which has been in place since March 2017. It offers a package of support including loans, private investment and grant for commercial building owners and occupiers to enhance building frontages and bring vacant commercial floor space back into beneficial use.

Councillor Ioan Thomas, Cabinet Member of Economic Development at Gwynedd Council said: “Over the years, Gwynedd Council has been working closely with its partners to regenerate the city centre area, and we are delighted to have secured additional funding that offers Bangor businesses and residents the opportunity to renovate their buildings.”

“The funding will target vacant, under-used properties and buildings requiring renovation within the commercial areas of Bangor city centre with the aim of stimulating investment, employment opportunities as well as contributing to the vitality of the area.”

“We would urge anyone who owns property in the city centre who would like to learn more about the financial assistance on-offer to come along to the drop-in event being held on 26 March.”

The drop-in event to share information about the funding available will be held at the former Burton menswear shop on the High Street between 8am and 5pm in Bangor on Tuesday, 26 March.

There will also be an opportunity to liaise with the Empty Homes Team to discuss possibilities of utilising empty floor space above commercial properties by converting them into residential use. Grants and interest free loans are available to tackle the problem of long term vacancies and improve the quality of housing stock in the private rented sector.

More information about the funding available can be seen on the Council website: www.gwynedd.llyw.cymru/financialassistance  or contact  Gwynedd Council’s Business Unit for further information on 01286 679231, or e-mail: busnes@gwynedd.llyw.cymru

 

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