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Milestone for North Wales Growth Deal

Words: Roger Milne
Wales / Shutterstock_164056865

The North Wales Growth Deal reached a key milestone this week.

Representatives from the North Wales Economic Ambition Board joined the Welsh and UK governments to sign Heads of Terms and agree the seven programmes that will form the basis of the initiative from 2020 onwards.

The programmes include low carbon energy, advanced manufacturing, digital connectivity, and strategic transport.

Each government has committed to investing £120 million in the deal.

When combined with the contributions the board hopes to secure from partners and the private sector, the agreement is expected to be worth more than £1 billion for the region.

Involved are the councils responsible for Anglesey, Conwy, Denbighshire, Flintshire, Gwynedd and Wrexham, as well as local colleges, universities in Bangor and Wrexham and the North Wales Business Council.

Ken Skates, minister for economy and North Wales, said: “Our joint aim is creating jobs, boosting the economy and delivering a 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 regional partners will progress detailed specific proposals with the aim of achieving final agreement by the end of 2020.

Image credit | Shutterstock