PM signs Swansea Bay city deal
Prime Minister Theresa May has signed off the £1.3 billion Swansea Bay City Region deal, which is expected to create more than 9,000 jobs.
The deal between the UK Government, the Welsh Government and the region’s local authorities will see major infrastructure investment in the area, ranging from research centre to a new waterfront “digital district”.
In November 2016’s Autumn Statement, chancellor Philip Hammond announced that government was making good progress in discussion with local partners and the Welsh Government on a city deal for the Swansea Bay City Region.
May announced the city deal in Wales while visiting the country’s first minister, Carwyn Jones, and representatives from a range of sectors and businesses. She was there to discuss how every part of the UK can make the most of opportunities presented by Brexit, according to the government. May will also visit Scotland and Northern Ireland now that she has announced her plan to trigger Article 50 on 29 March.
The prime minister said she wants Wales to be at the “forefront of science and innovation”.
Welsh secretary Alun Cairns said: “The city deal will build on the strengths of the region and the opportunities available, helping Swansea compete with some of the world’s best cities through exciting digital technology.
“This is a fantastic chance for Swansea to prosper and reap the benefits from close partnerships that are focused on securing genuine wins for a local area.”
The region comprises Swansea, Carmarthenshire, Neath Port Talbot, and Pembrokeshire local authorities.
The investment package is made up of £241 million of UK and Welsh Government funding, £396 million of public sector funding and £637 million from the private sector.
More information about the deal can be found on the Swansea Bay City Region website.
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