Regeneration body, Newport Unlimited, gets year's funding
4:10pm Tuesday 19th March 2013 in News
REGENERATION company, Newport Unlimited has secured funding for a further year.
The Welsh Government and Newport City Council will provide £606,000 which will unlock capital funding of up to £3.5m.
Bill Mayne, chairman of Newport Unlimited, said: “It is great news that the Welsh Government and Newport City Council have confirmed funding for another year, demonstrating their commitment to the city and the importance of the regeneration programme we’ve been facilitating.
Councillor Bob Bright, leader of Newport City Council, said: “A significant amount of regeneration has already taken place in the city including the transformation of the once derelict Old Town Dock and the creation of the city centre university campus.
“But there is still work to be done, especially at a time when the city is reeling from the impact of the recession and the national austerity programme, and we need to make sure those outstanding projects are delivered, especially for the city centre.
“This funding will enable Newport Unlimited to continue working on behalf of the city and coupled with the announcement that Welsh Government will be offering further support to drive forward our regeneration, these are positive steps for the city.”