07 January 2009>
Caerphilly county borough council's cabinet is set to discuss a report next week regarding the potential impact for Bargoed if the major retailer Sainsbury's does not come on board.
A meeting held just before the Christmas break with developers Simons resulted in the council writing with some urgency to Mr Justin King the managing director of Sainsbury's to find out the latest position.
Leader of council, Cllr Lindsay Whittle, said, "The chief executive Mr Stuart Rosser and I felt we must pursue every avenue with the company to emphasise the commitment this authority is placing on the Bargoed Regeneration scheme. It is also important for all political, business and community leaders across the county borough to work together across the county borough in this difficult time and Bargoed is an ideal starting point for that unified effort."
"We need to take radical and innovating approaches if we are going to position Caerphilly county borough and in particular Bargoed as a leading retail development area in the South Wales Valleys" he added.
Cllr Ron Davies, cabinet member for regeneration said "Economic projections for the coming year are already impacting on High Streets across the country. Our plans are backed by clear evidence of the potential retail success Bargoed offers to any business. The £30 million investment in the plateau and the new Angel Way funded by ourselves and the Welsh Assembly Government is confirmation of our commitment and business like approach to major regeneration schemes."
He continued "The building process of the proposed shopping complex will take two to three years by which time financial pundits are forecasting an up turn in the economy. This is set against the cash injection by the Assembly government in the Heads of the Valleys project which will be a key trigger to kick start regeneration in this part of Wales."
- Return to News