Applications Invited for £10m Port Talbot Waterfront Property Development Fund
A new fund aimed at boosting investment in the Port Talbot Waterfront area is now open to expressions of interest from companies, land owners and developers.
The Port Talbot Waterfront Property Development Fund is aimed at boosting investment in the Port Talbot Waterfront area. It will work by providing financial help in the form of gap funding towards the construction or refurbishment of high quality buildings for speculative, industrial and commercial use.
The programme is designed to benefit primarily new and indigenous businesses. Local residents and the wider community will also benefit from the creation of jobs and having better, more modern places to work.
The programme has a total value of £10 million. Eligible projects will be awarded up to a maximum of 45% of costs and the scheme will aim to fund three schemes of approximately 2,000 square metres each that could accommodate up to 400 jobs (with the creation of 120 new jobs) over five years.
Expressions of interest from companies, land owners and developers. The fund will specifically target the research, development and innovation sectors, with the aim of creating jobs across the area. The Port Talbot Waterfront area includes Harbourside, Baglan Energy Park and Baglan Industrial Estate, with the fund being used to encourage and enable development on the three sites.
Expressions of Interest for the first round of the fund close on Friday 8 July 2022.
(This report was the subject of a GRANTfinder Newsflash.)