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Energy saving upgrades in Torfaen to be funded by council loan

Energy saving upgrades in Torfaen to be funded by council loan

Torfaen council agrees more than £1 3 million a year funding for leisure trust

The current funding agreement between the council and the Trust expires at the end of September. The Trust is responsible for a number of former council leisure facilities including Cwmbran Stadium, Pontypool Active Living Centre, Fairwater Leisure Centre, Bowden Active Living Centre and Pontypool Ski Centre. The Trust was formed in July 2013, at which point funding of £1.9 million was agreed between the Trust and the council. It was agreed at this point the funding would reduce each year “as business built up”. Over the first six years the funding has reduced by 4.67 per cent a year, but this was paused in 2017 after a request from the former chief executive of the Trust. The reductions restarted again in 2018/2019.

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