£15m blueprint revealed for community's transformation
SWANSEA city centre could be in line for a £15 million investment — giving a boost to business, jobs and residents.
Swansea Council, on behalf of the Swansea Economic Regeneration Partnership, is bidding for the money under the Welsh Government's Vibrant and Viable Places regeneration initiative which will also provide opportunities for additional funding.
If the bid is successful, the investment could help create close to 4,000 jobs and lead to 73,000 square metres of new commercial floor space. It could also lead to the upgrade of over 1,900 homes and the construction of over 600 new homes.
The partnership is one of only 11 across the country invited to submit a stage two application after its stage one bid was favourably received.
The stage one bid proposed a transformational programme of investment targeted in particular at the commercial heart of the city centre and the proposed Sandfields Housing Renewal Area. The proposed Sandfields Housing Renewal Area could see many homes upgraded.
A similar renewal scheme saw millions spent to transform the Hafod area of Swansea.
An event was held at Meridian Tower yesterday where representatives of Swansea's business and academic communities as well as public and voluntary sectors were invited to discuss the plans.
Nick Bradley, Swansea Council's cabinet member for regeneration, said: "This ambitious, deliverable regeneration programme will reinforce Swansea's role as driver of the city region, create jobs, provide new homes, address poor quality accommodation and vacant premises, and provide significant training and employment opportunities targeted at our most deprived communities.
"It's very encouraging that our stage one application was so well-received and this means we're very much in the frame to receive a major investment that would be significantly complemented by the private sector. If we're successful in securing the investment, it will lead to a broad range of regeneration projects over seven years that would improve not just the city centre but outlying residential areas like Sandfields and Dyfatty too.
"Alongside our partners (including Communities First), we're now working hard on stage two of the bid that will be submitted to the Welsh Government by the end of November."