THE former Woolworth's store in Bargoed, which closed in January 2009, will re-open as the Original Factory Shop, a national retail store.

A lease has now been signed to take over the building and an extensive re-fit is currently taking place within the store.

Cllr Ron Davies, CCCB cabinet member for regeneration said: "Bargoed town centre is experiencing a major transformation thanks to the range of regeneration projects underway at the moment. The decision by the Original Factory Shop to invest in the town is fantastic news and demonstrates a new found confidence in Bargoed.

"The building enjoys a key location within the town centre and will also benefit from the new bus station development and the new pedestrian link being created in close proximity to the site. The premises, which boasts the largest retail floor space in the town, was purchased by the council using Heads of the Valleys funding from the Welsh Assembly Government.

The ongoing regeneration of Bargoed town centre is a key priority for Caerphilly county borough council.

The multi-million pound Greater Bargoed Community Regeneration Scheme involves a number of projects such as the recently opened 'Angel Way' road scheme, improvements to the public transport infrastructure and town centre enhancement works. Advanced negotiations are also underway to secure a major retail and leisure development in the town and it is hoped that an announcement will be made in the near future.

The Original Factory Shop has stores nationwide offering a wide range of merchandise - ladieswear, menswear, kidswear, sportswear, electricals, housewares, toys, beauty and fragrance - all discounted. Most of the products sold by the firm are either branded or originally made for other high street stores and supermarkets.

For more information about developments in Bargoed town centre visit www.caerphilly.gov.uk/bargoedsbigidea or call Andrew Highway, Town Centre Development Manager on 01443 866213.