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, Jayne Bryant, 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, Jayne Bryant, 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.”
£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.
