Those responsible for the future regeneration of our towns and cities are warning that it could be under threat, because of the tough financial pressures the country faces. It comes ahead of the Chancellor's budget announcement, announced on Wednesday.
In more deprived parts of Wales, such as the South Wales Valleys, local people say investment is desperately needed. A decade ago the steelworks in Ebbw Vale ceased production. It had provided jobs for thousands of workers since the 1930s, but when it shut many were left unemployed. So in 2007 planning permission was granted for a massive regeneration project to transform the site. That work is now well underway.
Wayne Manning is one of those involved in building a new school there. He also worked at the steelworks and says the town suffered when it closed.
Anita Davies is a nurse at the new hospital on the site, Ysbyty Aneurin Bevan. She says it's a modern facility and because of that she's seen an increase in people wanting to work and stay there.
Local councillor Don Wilcox also says it's breathing new life into the area.
But regeneration work began at Ebbw Vale a decade ago when the economy was much stronger. The Chief Executive Officer for the Centre for Regeneration Excellence Wales is not confident that similar projects will be funded over the coming years.