The Cabinet Member for Deputy Leader and Regeneration, Leisure, Culture and Tourism was scheduled to consider funding applications for economic development initiatives. These included applications for the Ten Towns Capital Development Fund and the Targeted Finance Fund.

Ten Towns Capital Development Fund (Local Growth Fund)

The meeting was scheduled to consider an application for funding from the Ten Towns Capital Development Fund, which aims to support the redevelopment of vacant high street properties in Carmarthenshire's rural market towns. The fund, supported by the Local Government Fund for Wales, has a total budget of £300,000, with individual grants capped at £50,000 or 70% of project costs.

An application was scheduled to be considered from Rhandir Cyf for £50,000. This funding was requested to refurbish the former bank premises at 46 Rhosmaen Street, Llandeilo which has been vacant for approximately three years. The proposed works include internal and external refurbishment to make the building suitable for commercial occupation, with a retail tenant already identified for the ground floor. The project was anticipated to contribute to the regeneration of Llandeilo town centre by bringing a vacant property back into productive use. The report pack indicated a recommendation to approve the grant award, subject to conditions including a legal restriction on the property title deeds and the requirement for the property to be occupied by a commercial tenant within six months of project completion.

Targeted Finance Fund

The meeting was also scheduled to consider an application for funding from the Targeted Finance Fund. This fund, administered by Carmarthenshire County Council's Bureau, supports revenue and capital projects that aim to deliver economic growth and develop sustainable communities. Eligible applicants include social enterprises, charities, voluntary/community organisations, and town councils. The fund's objectives include creating and safeguarding jobs, providing skills and training opportunities, promoting social enterprise start-ups, and empowering the third sector.

The application scheduled for consideration was from Treftadaeth Cydweli Heritage CIC for £6,480. This funding was sought to prepare a comprehensive business plan, financial model, and options appraisal for the Kidwelly Old Town Hall Heritage and Arts Centre. The CIC has been established to lead the restoration and operation of the Grade II listed building, which has been vacant and deteriorating. The proposed consultancy work was intended to test the viability of the CIC's vision for the building, assess income generation opportunities, and develop a robust business case to support future funding applications and potential asset transfer discussions with the council. The report pack indicated a recommendation to award the grant of £6,480 to Treftadaeth Cydweli Heritage CIC.

The meeting was also scheduled to address the signing of the decision record from a previous meeting held on 28th September 2026.