Residents across Wales will see their town centres
transformed as an additional £12.6 million is invested in
regeneration projects from Swansea to Newport.
The new funding was announced yesterday (Thursday,
26th March 2026) by the Cabinet Secretary for
Housing and Local Government, , during a visit to the
Biophilic Living project at Mowbray Yard,
Swansea.
The extra funding will support projects such
as the redevelopment of 1 Oxford Street and Phase 2 of the
Potters Wheel project in Swansea, the redevelopment of the
Grade II listed Merthyr Synagogue, and the development
of Placemaking Plans for Adamsdown, Splott, Butetown and Cardiff
Bay.
Since its launch in 2020, the Welsh Government's Transforming
Towns programme has awarded more than £494 million in
grant and loan funding to support regeneration across Wales. All
22 local authorities receive funding from the Transforming Towns
programme.
Cabinet Secretary for Housing and Local Government, , said: “This funding is not
just about infrastructure—it is about creating real, tangible
change for the people who live and work in these
areas.
“By revitalising town centres, supporting local businesses, and
improving public spaces, we are helping to build places where
communities can thrive both socially and economically.
“We know that strong, vibrant high streets are the backbone of
wider economic growth across Wales. When our town centres
succeed, they attract investment, create jobs, and provide
opportunities that benefit the whole region.”
Notes to editors
£12.6m funding breakdown:
-
£837,000 grant to support the acquisition of
29 & 31 Taff Street in Pontypridd
-
£1,000,000 loan funding and up
to £4,988,000 grant funding to enable the
redevelopment of 1 Oxford Street, Swansea.
-
£1m loan funding and up
to £750,000 grant funding to support Phase 2
of the Potters Wheel project in Swansea.
-
£7,059 to support the design up
to planning stage of the Talbot Street shopfront enveloping
scheme in Maesteg.
-
£140,000 grant funding to Cardiff Council in
2026-27 to support the development of Placemaking Plans
for Adamsdown / Splott and Butetown / Cardiff
Bay.
-
£2,000,000 grant funding for a
project in Newport (full details cannot
be disclosed at this time due to commercial
sensitivities)
-
£200,000 Development funding to support
designing public realm and active travel improvements to the
link between the new Leisure Centre, Transport Interchange and
surrounding communities in Caerphilly.
-
£1,700,000 grant funding to support the
redevelopment of the Grade II listed Merthyr Synagogue.
