Over Â£7 million of Local Regeneration Funding (LRF) money has been awarded to Carmarthenshire County Council, to be used to match fund Objective one projects over the next three years, members of the Authorityâ€™s Ratification Committee will learn when they meet next Monday, 14 January.
The Local Regeneration Fund is designed to support sustainable regeneration of the most deprived areas in Wales. It is aimed at encouraging projects which are economic in focus and offer long term solutions.
The Welsh European Funding Office (WEFO) has issued guidance which states that it is the responsibility of each local authority to implement LRF as it sees fit. It is for Carmarthenshire County Council to determine which projects seeking European funding it considers appropriate for match-funding from their LRF indicative allocations.
Cllr Huw John, Cabinet Member for Objective One and Economic Development said, "It is good news that Carmarthenshire has been awarded over Â£7million of LRF funding.We must make sure now, however, that this important fund is allocated correctly and the recommendations before the
The report going before Ratification Committee next Monday, 14 January, highlights a number of issues surrounding the fund and proposed implementation mechanisms to ensure that maximum benefits are ensured.