Cwmni Adwy, a community-managed not for profit company, was established as part of Gwynedd Council’s pioneering Slate Valleys Initiative. Through its initial work, it successfully renovated a total of ten dilapidated buildings, creating 39 business units in the slate valleys of Peris, Ogwen, Nantlle, Ffestiniog and Corris.

This second phase of the project, funded through £177,953 of European Objective One funding and £44,278 of the Welsh Assembly’s Local Regeneration Fund, has built upon the company’s success by adapting and upgrading more disused and dilapidated properties in the slate valleys. The newly renovated building at 28 Heol y Dŵr, Penygroes is the latest development of the project.

Councillor Dyfed Edwards, Local Council Member for Penygroes, said:

“As the local Councillor I welcome this development to Penygroes and I’m looking forward to see the positive effect on the village and the local economy.  This is an excellent example of what can be achieved locally to develop projects that respond to the new economical needs of the area.”

“This important £358,133 project has helped to transform the appearance of a number of buildings in areas throughout the Slate Valleys, as well as providing much needed business units for new and established enterprises within communities,“ he added.

Sioned Williams, Head of Gwynedd Council’s Economy and Regeneration Service, added:

“There is much interest across North Wales in Adwy Cyf’s achievement.  We have identified opportunities for other communities  to follow the good example of community regeneration set by Adwy.”

For further information, contact Gwyn Roberts or Neil Davies at Galeri Caernarfon on 01286 685225, or visit the company website: www.cwmniadwy.co.uk