Derelict Old “Family Value” building set for a £250,000 make-over
Excellent news for the regeneration of Maesteg Town Centre, as the long-derelict former Family Value building will be brought back to life, helping revitalise Commercial Street and the town.
Bridgend County Borough Council have worked with the private owner of the building, and with the support of local Cllr Richard Collins and Huw Irranca-Davies MS, to successfully bid for more than £250,000 of Welsh Government Targeted Regeneration Funding.
Huw Irranca-Davies said “I’m delighted to see this exciting project getting the green light thanks to significant Welsh Government funding, which will see the developer creating commercial units on the ground and basement floors, carrying out significant structural work, as well as refurbished frontages and new windows and entrances. Chris Elmore MP, Cllr Collins and I have met with the developer as they’ve worked up their plans, and we now look forward to them being on site within weeks.”
Cllr Collins added “This is what a strong partnership between the local authority’s regeneration team, Welsh Government and a private investor can achieve. It comes on top of the multi-million pound development of Maesteg Town Hall, and the exciting plans for the development of the Ewenny Rd site with new homes and an Enterprise Hub and Park and Ride interchange and more. After difficult times, this investment in Maesteg gives a real boost of confidence to traders and to the town.”
The development of the commercial premises on the ground and basement levels will also allow for future plans for living accommodation on the upper floors to be developed, bringing life and vitality to the town centre as part of a mixed development of business and residences.