Plans for New Building Project in Bridgend
Friday, 25th November 2011Plans to convert an industrial area of Bridgend into a "brighter, better" residential and business area with 650 homes, business premises, shops, recreation facilities and restaurants, are under discussion. The run down area of Waterton is proposed as the site for the new housing and associated facilities to be called Parc Afon Ewenni regeneration project. A report on the project described Waterton as "under utilised or occupied by low-quality buildings in poor condition" and not in keeping with the site's strategic location as a "key gateway" to the town. The South Wales Police rugby club and neighboring council land would be used for the 66-acre development. Bridgend has a population of about 40,000 according to recent official statistics and the county’s population has grown by 4.3% over the past decade and is projected to grow by another 3% by 2021 so new housing is needed as more people move further out from the cities of Cardiff and Swansea due to higher housing prices. The plan includes a green corridor with pedestrian and cycle links to the town centre and surrounding areas and the next stage will be a public consultation. The plans come as the UK government announced proposals in England to allow buyers of new homes to borrow up to 95% of their value, with the government underwriting some of the risk to lenders. Prime Minister David Cameron said it would help get "Britain building again". A similar scheme for Wales is now being considered.