Pontypridd could benefit from further investment from the Welsh Government’s regeneration framework.
The Pontypridd area, which has undergone a £10.5million regeneration project, could be eligible for further funding through the “Vibrant and Viable Places” fund which, across Wales, amounts to £90million capital of targeted regeneration investment from 2014 to 2017.
Following an announcement by Minister for Housing and Regeneration Carl Sargeant AM, Rhondda Cynon Taf Council has been chosen to make a Stage 2 bid for the funding which would benefit the Pontypridd area directly if succesful.
In May, all local authorities were invited to submit Strategic Outline Programmes in partnership comprising the public, private and third sectors, for regeneration schemes seeking a share of the £90m capital investment over the next three financial years.
Following a rigorous assessment process, Rhondda Cynon Taf Council was one of just 11 local authorities invited to proceed to Stage 2. As the funding available is still significantly oversubscribed competition is high and the local authorities will need to put forward a strong case for securing investment. The final outcome will be announced in the New Year.
Rhondda Cynon Taf Council’s Deputy Leader and Cabinet Member for Economic Development and Community Safety Cllr Paul Cannon explained, “We are grateful to the Minister for allowing us the opportunity to apply for further investment in the area of Pontypridd which, if successful, would positively impact on the whole of Rhondda Cynon Taf. This has come as excellent news to the local authority particularly during this time of austerity.
“Our work to attract the maximum amount of external funding into the county borough becomes particularly important in the coming years, as the impact of the UK Government’s spending cuts on our own budget continues to hit.”