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Tender: Property Development Fund for Swansea City Centre
Posted on Tuesday, June 15, 2010
The Property Development Fund (PDF) forms part of an ERDF Grant supported programme of regeneration work which seeks to deliver high quality schemes to meet the high aspirations of the Swansea City Centre Strategic Framework (CCSF), which is the Council’s strategic policy for regeneration of Swansea City Centre.
PDF grants are available to property developers and land owners towards the construction of speculative, sustainable office accommodation on privately owned land in Swansea City Centre. Funding is available to meet the financial gap between the construction costs and the completed market value of the property. The aim of the programme is to support applicants that require financial aid for their projects to proceed. A PDF Grant is an entirely discretionary grant, up to a maximum 33% of costs. The amount of any PDF Grant offered will be assessed on an individual project basis, taking account of the economic and environmental benefits so arising and will be the minimum contribution required to bring the project forward. In addition any social benefits arising such as training, and local sourcing will all be considered in the final grant offered. All projects which are supported by the PDF must be complete by summer, 2014.
For further details or to obtain an application pack, please contact Dawn Jenkins, City & County of Swansea Council, Civic Centre, Oystermouth Road, Swansea. SA1 3SN.
E-mail: dawn.jenkins@swansea.gov.uk
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