Launch of the Gwynedd Transforming Towns Loan Fund

Date: 04/06/2021

The past year or more has been a very challenging time for the County's businesses with town centres suffering considerably as businesses closed and lockdowns had a negative effect on trading.

During lockdown, Gwynedd Council secured a financial support package for investment in the form of loans for businesses in the County's town centres. The Transforming Towns Loans fund is available for businesses to apply for funding to make physical improvements to their commercial properties.

The fund is part of a wider package of initiatives by Gwynedd Council to support the County's town centres and contributes to the efforts of the Welsh Government's Transforming Towns Programme. 

Councillor Gareth Thomas, Gwynedd Council Cabinet Member for Economic Development, said:

"We are very grateful to Gwynedd businesses for their efforts and work over the past months to help serve the County's residents. We are confident that this Transforming Towns Loans fund will support the regeneration of our town centres as we move forward.

"It is essential that we continue to be cautious and follow safety rules, but we are launching the Transforming Towns Loans fund while looking forward to a more prosperous future for town centres."

Lee Waters, Deputy Minister for Climate Change, said "As part of the Transforming Towns Programme, we have invested over £60 million as loans. As part of the recent allocation, Gwynedd has received £1.1m to support town centres to thrive"

"This funding shows our commitment to regenerating town centres, placing them at the centre of everything we do, and we look forward to seeing how this funding will be invested to develop more offices and businesses"

For further information about the loans, visit www.gwynedd.llyw.cymru/loansfund