The Welsh Government has announced a change to how it intends to regenerate some of our most rundown areas.
In future, any part of Wales will be able to bid for part of a £30-million pot, rather than limit the cash to seven specific areas.
Opposition parties argue a new focus is long overdue but Heritage Minister Huw Lewis says the Government has learnt from past failings.
1.3 million pounds of Welsh Government funding has been announced for Aberystwyth & Barry.
800 thousand pounds has been given to regenerate Aberystwyth town centre.
8 projects in Barry will benefit from the remaining half a million pounds, including Barry Island lifeguard station and the waterfront.
More than 300 homes are set to be built on the site of the former BP refinery in Llandarcy.
Dubbed 'Coed Darcy', the construction of the homes is part of a project that developers say will include 4000 houses over the next 25 years, as well as schools and leisure facilities.
Developer St Modwen called the planning approval "an important milestone", and said the scheme would create upto 880 jobs.