Tŷ Rhosyn Homes begins £4.67m Tonyrefail industrial units after Development Bank funding deal
Tŷ Rhosyn Homes will deliver 23,600 square feet of employment space across three terraces, supported by a £2.51 million loan through the Wales Commercial Property Fund and £2.16…
Construction has commenced on 17 new light industrial units at Parc Eirin in Tonyrefail, following a significant £4.67 million funding package secured from the Development Bank of Wales.
Tŷ Rhosyn Homes will deliver 23,600 square feet of employment space across three terraces, supported by a £2.51 million loan through the Wales Commercial Property Fund and £2.16 million in grant funding.
The development at Plot 2B will proceed in two phases, initially providing five units of approximately 1,600 square feet each, followed by 12 units of around 1,300 square feet.
Martyn Christopher, a director of Tŷ Rhosyn Homes, stated: “Parc Eirin is an opportunity to create modern, flexible industrial units that will help businesses start, grow and expand in Tonyrefail and the surrounding area.”
He added: “The funding package has enabled us to move forward with the first two phases and provide premises that can adapt to occupiers’ needs.”
James Brennan of the Development Bank of Wales noted that the combined loan and grant support made the scheme financially viable, unlocking a project that would not otherwise have proceeded.
Eli Nathan
Eli Nathan covers Wales news, politics, community stories, and sports for The National Wales (thenational.wales).
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