Newport – gearing up for next phase of city-wide regeneration
9:02am Friday 25th October 2013 in Gwent news
Newport Unlimited, the urban regeneration company set up almost 11 years ago oversee the transformation of the city, is closing its doors in March next year.
Following its closure, the city’s regeneration strategy will be led by a new economic regeneration team at Newport City Council, working closely with the business-led Task Force for Newport, set up by Business Minister Edwina Hart and headed by Simon Gibson, of Wesley Clover.
The city council has already submitted a bid for £13.3m over three years from the Welsh Government’s Vibrant and Viable Places funding stream, the outcome of which will be decided in January 2014. A successful bid would help deliver £30m of new regeneration activities in partnership with the private and third sectors, create up to 600 new jobs, develop 421 new homes, upgrade 162 homes and help more than 850 people gain work-based learning and skills development opportunities.
Bill Mayne, chair of Newport Unlimited, said: “Since Newport Unlimited was established the city has changed beyond recognition - despite the very tough economic environment in which we have been operating for the past six years.
“The waterfront has been completely transformed by high-quality housing developments together with a £35m university campus; new business parks have been created attracting high-profile organisations, while major infrastructure and public realm work, including a Riverside Park, has made the region more attractive to potential investors.
“In addition, Newport has come alive by hosting the 2010 Ryder Cup and is now home to a food festival which has become a firm favourite in the annual calendar.
“There are more exciting times ahead for Newport.”
Councillor Bob Bright, Newport City Council leader, said: “This will certainly not mean the end of regeneration for the city as we recognise there is still work to do.”
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