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.”
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: [email protected]