Denbighshire County Council will receive a loan of £1,000,000 from the Welsh Government as part of a fund to help bring empty, underused sites and premises in town centres back into use.
Denbighshire is one of 12 areas of Wales to benefit from the Vibrant and Viable Places Town Centre Loans Fund, Cabinet Secretary for Communities and Children Carl Sargeant announced.
Denbighshire will use the loan for the acquisition and refurbishment of derelict properties to create commercial leisure units and 38 affordable homes in Rhyl.
Communities and Children Secretary, Carl Sargeant said: “This funding will help Local Authorities regenerate their town centres by helping them find sustainable uses for empty sites and premises such as affordable town centre homes or tourist and leisure attractions.
“As well as making town centres more attractive places to live this loan scheme will help encourage investment into these areas as well as support the local economy.”