£750,000 loan scheme for Llanelli town centre buildings
Up to £750,000 is being made available to help bring vacant, derelict or underutilised properties in Llanelli town centre back into economic use. Carmarthenshire County Council has secured funding via the Welsh Government Town Centre Loans Fund, and will be making loans available to eligible applicants who wish to regenerate properties and redundant development sites within the Llanelli Town Centre boundary. Interest free loans of £25,000 and over will be offered on the basis of 75 per cent Loan to Value, repayable over five years. It is hoped that the loan will support private sector led initiatives and improve the vibrancy of Llanelli town centre. Cllr Emlyn Dole, Leader of the council and Chair of the Llanelli Town Centre Taskforce, said it is a good opportunity for businesses, landlords and developers to kick-start regeneration projects for the benefit of the town. “We would ideally like to see the regeneration schemes funded by this loan scheme enable the creation of town centre...