Millions of pounds for Bargoed regeneration (From Campaign Series)

Millions of pounds for Bargoed regeneration

1:52pm Thursday 4th February 2010

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MORE than £8 million has been awarded to Bargoed to help fund the some of the town's regeneration.

The Deputy Minister for Housing and Regeneration, Jocelyn Davies, visited Bargoed town centre to announce an £8.3m funding package that will help give the town centre a major boost.

The money will fund a range of regeneration work within Bargoed including the construction of a new bus station, improved pedestrian zones and enhanced public open spaces within the main high street. The money includes £3.2m from the European Regional Development Fund and £2.5m of Targeted Match Funding through the Welsh Assembly Government. It is also made up of Urban Renewal funding from Caerphilly County Borough Council as well as a Transport Grant and Heads of the Valleys programme funding which has already been secured through the Welsh Assembly Government.

Cllr Ron Davies, CCBC Cabinet Member for Regeneration and Countryside said: "We are delighted to receive this welcome news from the Welsh Assembly Government that will enable Caerphilly County Borough Council to secure a bright future for Bargoed. I'm sure that the whole community will be delighted with the news and we now look forward to seeing these ambitious regeneration works progress. "

Announcing the funding Jocelyn Davies said: "This is announcement is excellent news for Bargoed. The package of European funding will be invested to revitalise the town centre, increasing its accessibility and complementing the new major retail, leisure and commercial developments being undertaken as part of the wider regeneration programme."

The scheme is led by Caerphilly County Borough Council who last year, in conjunction with SEWTA (South East Wales Transport Alliance) and Rhondda Cynon Taf County Borough Council, secured funding to develop a series of Park and Ride schemes along the Central Valleys lines.

The construction of the new bus station will be another major step towards creating an easily accessible transport hub that provides access to jobs in the wider region and reduces traffic congestion.

The funding package will support the: o Creation of a new bus station at the northern end of the town close to the railway station o Enhancement of High Street and Hanbury Road (wider pavements, new street furniture etc) o Creation of new civic space on Hanbury Square (the existing bus station site)

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