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Economic Development

Site acquisition fund and 20mph zones part of vision to create vibrant Welsh town centres

Covid Reconstruction – Challenges and Priorities recovery plan is published

Colwyn Bay Townscape Heritage Initiative saw this landmark building bought for a regeneration project(Image: Arwyn Roberts/ Daily Post Wales)

A Strategic Sites Acquisition Fund for councils, co-investment scheme and 20mph zones are all part of a vision to develop vibrant Welsh high streets and town centres.

Last week Economy Minister Ken Skates told Business Live the pandemic could be an opportunity for towns in Wales to regenerate - with a move away the expansion of big cities.

Now Welsh Government is providing £320m towards the immediate Covid recovery plan and published “Covid Reconstruction – Challenges and Priorities”.

This includes cash for town centres and capital investment in low carbon housing, schools and primary care.

When it comes to town centre regeneration, the report says: “We intend to launch a Strategic Sites Acquisition Fund to enable local authorities to acquire land high street premises in our local town centres in order to revitalise centres which may see increased footfall as a result of the increased propensity to work from home for some or all of the time, rather than commute to larger cities.

“This will support our policy of ‘Town Centre First’ in terms of the provision of public services and help enable a network of enterprise centres and ‘local to home’ working hubs.

“Where there are no viable uses for derelict sites, the Fund should also enable the creation of new green spaces.

20mph speed limit could also make towns safer (Image: Copyright Unknown)

“We will work with local authorities to develop a co-investment scheme to enhance the attractiveness of town centres which may see increased footfall as a result of the increased propensity to work from home for some or all of the time, rather than commute to larger cities.