Development Bank of Wales helps finance Barry regeneration project

The Development Bank of Wales has invested £2.9 million in a project to transform a Victorian railway building into an entertainment and business complex.

The 1880s goods shed, in Barry, is part of the Innovation Quarter at Barry Waterfront, a joint regeneration venture between the Vale of Glamorgan Council and the Welsh Government. The mixed-use scheme - due to open this summer - will include a shipping container village and apartment complex.

The fully let and sold scheme is being developed by DS Properties (Goods Shed) Limited and is expected to create around 150 jobs. The loan from the Development Bank of Wales comes from the Wales Stalled Sites Fund.