Community Asset Development and Transfer

At the Coalfields Regeneration Trust, we work with partners and businesses to identify opportunities and redirect resource where it matters most.

We build and develop strong social businesses and sustainable social businesses. In partnership with Bridgend CBC we provide mentoring support to individuals and organisations who are leading on community asset and service transfers.

Aneurin Bevan House -Tredegar Town Centre Regeneration

The Coalfield Regeneration Trust is committed to working collaboratively to contribute to the regeneration of former coalfield communities. This includes a focus on Town Centre regeneration to explore ways of levering and developing new and improved services which will stimulate the local economies. The Aneurin Bevan House project is a unique example of what can be achieved in Town Centres.

Following consultations in the local community and with the key stakeholders, it was apparent that the whole county had a significant debt problem. High interest and predatory lenders were predominant in the County with limited alternative ethical loan finance available. The negative social, personal and economic consequences of indebtedness are well known but something needed to be done.

In 2016 Blaenau Gwent County Council agreed to CRT’s proposal to transfer the building to CRT to create a new Credit Union and support services in Tredegar Town. Working with SmartMoneyCymru Credit Union Ltd CRT raised the finance to refurbish the building and build a modern brand new Credit Union Branch service supported by match funding from the Welsh Government Vibrant and Viable Places regeneration programme. To complement the vital Credit Union Service the Communities 4 Work training and employment service also took occupancy, providing a local accessible service to hundreds of residents, at a time when the local Job Centre closed. 18 jobs are now located in the building, bringing much needed jobs to the high street.

CRT has also located a regeneration project team in the building and is now working on the refurbishment of the Old Medical aid Society building (10 the Circle) the founding organisational model of the NHS to create a new Heritage and Culture Centre, due to be completed in June 2020.

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