Sector - Public Sector
North Wales Growth Deal signed in London
8 Nov 19
A combination of Welsh and British Government officials have recently signed an agreement pledging millions of pounds worth of investment towards the North Wales Growth Deal which aims to deliver local projects and increase employment opportunities across the region.
According to the North Wales Growth Deal, which was signed in London, funding will be directed to projects with a focus upon low carbon energy, digital connectivity, land, and property, with regional authorities still making efforts to provide detailed proposals for each project by the end of 2020.
The Secretary of State for Wales, Alun Cairns stated: “The UK Government is working to bring greater investment, growth and job opportunities to communities across Wales and today’s signing represents real progress in achieving those aims.
“The Growth Deal is a huge and exciting opportunity to transform the region and help rebalance the Welsh economy. We will continue to work with our partners to develop the growth deal and ensure it is delivered for the people and businesses of North Wales.”
So far, the British and Welsh Governments have reserved funding worth £120M, while the North Wales Economic Ambition Board predict that funding valued at £240M would create around 4,000 jobs, and private investments are scheduled to top out at £500M from private investors.
The Welsh Government Minister for International Relations, Eluned Morgan commented: “The Growth Deal has the potential to transform the region. Signing this Heads of Terms today demonstrates our commitment to the Ambition Board and regional partners to work together for the people and businesses of North Wales.”
Ken Skates, Minister for Economy, Transport and North Wales, added: “Our joint aim is creating jobs, boosting the economy and delivering a Growth Deal that will have a positive and lasting impact for generations by creating a more equal Wales, a more prosperous Wales, and a greener Wales.”
The Chair of the Ambition Board and Leader of Gwynedd County Council, Councillor Dyfrig Siencyn concluded: “By signing the Heads of Terms we have shown our dedication and commitment to the region.
“We will continue to work together for the people and businesses of North Wales, with the joint aim of creating jobs, boosting the economy and delivering a Growth Deal that will have a positive and lasting impact for generations to come.”
If you would like to read more articles like this then please click here.
More Public Sector News
- Prime Minister announces Beeching Reversal Fund
18 Nov 19
The Prime Minister has finally set out plans for the £500M Beeching Reversal Fund.
- BAM appointed to refurbishment of Port Talbot Cinema
18 Nov 19
Refurbishment works are scheduled to take place at the Port Talbot Cinema by BAM Construction.
- BAM Construction appointed to build Glasgow healthcare centre
18 Nov 19
The largest healthcare centre in Scotland will be built in Glasgow by BAM Construction.
Sector Press Releases
- UKIS 2018 : Keynote speakers announced
UKIS 2018 has announced the keynote speakers for this year’s event.
- Transforming infrastructure
The government has released new plans aimed at revolutionising British infrastructure and boosting the construction sector’s productivity.
- Record infrastructure investment
National Infrastructure and Construction Pipeline has been published, which confirms over £600Bn of investment in UK infrastructure.
- The UK’s Leading Infrastructure & Supply Event
Connect with major infrastructure projects at the UK Infrastructure Show
- Infrastructure and Projects authority confirms presence at UKIS
BiP Solutions are pleased to announce a new partner for the UKIS event, the Infrastructure Projects Authority.
- Confidence suffers as activity stalls
The Vinden Partnership reacts to October's figures.
Sector Case Studies
- The Importance of Good Architectural Design
Our mental health is heavily influenced by the walls we spend our time within.
- Director – Trouble Ahead? What Are Your Options?
Running a company involved in the construction sector is hard work.
- Civic Centre – Ipswich
Over 15,000 tonnes of concrete were removed from site.
- Cargill project to renew exhausts of industrial fryers
Cargill commissioned ASAP Fire and Bryland Fire to design, supply and install a new system.
- Tennison Road Bridge
The brief was to demolish sections of the bridge over a series of weekend possessions.
- Bridge 404 – Felixstowe to Nuneaton Loop
A three-span steel bridge had to be replaced over the River Gipping.