Over £5 million of European Regional Development Funding will be ploughed into a project to create a new entertainment, arts and culture venue in Llanelli Town Centre.
The scheme, which will cost £14.6 million in total is also supported by Carmarthenshire County Council, the Welsh Assembly Government and other key partners. It will involve the construction of a brand new cultural and creative centre and the renovation of two Grade II listed buildings – Zion Chapel and the Old School.
Welsh Labour MEP, DEREK VAUGHAN, said:
"The investment is a sign of confidence in the future of Llanelli and in the West Wales region as a whole.
Creating 35 jobs and providing a much needed arts facility, the European funding allocated to the project will be used to further deepen the economic, cultural and social regeneration of this part of Carmarthenshire.
I am confident that the project will also prove to be a lynchpin supporting future investment that will prove to be of huge benefit to local businesses and local people."