Development Bank of Wales Investment Unlocks Regeneration Posted on: May 13th, 2020 Posted by: Nathan Spencer Categories: Wales Investment from The Development Bank of Wales Group has unlocked the regeneration of a former Victorian railway building. The £2.9m investment will see the heritage building in Barry – Wales, transformed into an entertainment and business complex. Part of the Innovation Quarter on Barry Waterfront the project has been brought forward by the Vale of Glamorgan Council alongside the Welsh Government. The scheme will include a shipping container village and an apartment complex. DS Properties (Goods Shed) are developing the site which could create up to 150 new jobs for the town – and the crucial funding from the Development Bank of Wales (who’re speaking on our South Wales Development Plans Webinar) will now see the scheme kick on. The Bank is one of the UK’s largest regional SME investment companies and provides growth capital for small and medium sized business across the UK. This funding came from their ‘Stalled Sites Fund’ specifically designed to progress development opportunities which have stalled over the past few years to help them realise their potential. Simon Baston, Managing Director of DS Properties, said: “We’re bringing sustainable regeneration to communities across Wales. People want to identify with local heritage and culture in an environment that makes sense for how they want to live, work and shop. High Streets are re-establishing themselves. It’s all about the experience and, with the help of the Development Bank of Wales, we’re working hard to rejuvenate local high streets and communities in some great locations so that they can become destinations in their own right. The social and economic impact of our work is far-reaching. This isn’t just about creating jobs, it’s about reconnecting people with what matters to them by bringing a new life and sense of purpose to buildings that were once at the heart of the local community. That’s what is so important about our long-standing relationship with the Development Bank of Wales.” Nicola Crocker of the Development Bank of Wales said: “The development of the Goods Shed will see a heritage brick railway building brought back to life and become home to around 30 new businesses. The social and economic impact of this superb regeneration scheme is profound as the development will grow organically; creating around 150 jobs and attracting visitors to the area. We are delighted that work has been able to resume safely on site and to be playing our part in bringing this exciting development to fruition.