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  1. ITV Report

Welsh Government unveils £100m regeneration scheme

Credit: ITV

The Welsh Government has announced it will spend £100 million over the next three years to help regenerate communities.

Local authorities will be able to bid for investment in projects that promote 'economic regeneration'.

The Targeted Regeneration Investment will run between 2018 and 2021 and aims to support capital investment projects focused at individuals and areas most in need.

It's taken over from the Communities First programme, which was aimed at tackling poverty in Wales.

The programme was ended by Communities Secretary Carl Sargeant in February after 16 years because, the Government said, it failed to significantly reduce poverty in Wales.

Communities first was a tackling poverty programme, this is a regeneration programme. While Communities First had some great examples of work going on in communities, this programme tackles issues around homelessness and giving people jobs in the economy. These are all positive steps to developing a better Wales.

– Carl Sargeant AM, Communities Secretary