Commenting on rumours that developments for the Precinct in Pontypridd have collapsed, Owen Smith MP said:
“Rumours that the development plans for the precinct have collapsed are untrue and misleading.
“The reality is that the developers, to whom I have spoken again this week, are still in the process of securing the last elements of the funding they need to commence construction, but are hopeful that those will be in place later this week and that construction will start, as planned, before the end of the summer.
“It isn’t 100% certain, of course, as this is a private company and we all know that the economic conditions for the construction industry are difficult at present.
“But they remain committed to the development and are being supported by the council, the Welsh Government, AM Mick Antoniw and by myself.
“In addition to this, I am meeting next week with Huw Lewis AM, the Welsh Government’s Minister for Regeneration to press the case for more funding for Pontypridd.
“The Welsh Government is presently reviewing plans for town centre regeneration across Wales and I am determined that the case for increased investment in Ponty is made forcefully and heard loud and clear in Cardiff Bay.”