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25/02/2016

Swansea Bay City Region Deal submitted to Welsh and UK governments

Words: Roger Milne
Swansea / Shutterstock

The Swansea Bay City Region has submitted an ambitious 'Internet Coast' city deal bid worth in excess of £500 million over 20 years to the UK and Welsh governments.

It aims to support 39,000 jobs and will focus on technology, energy and ultra-fast broadband infrastructure.

The Swansea Bay City Region is made up of the local authorities of Swansea, Pembrokeshire, Carmarthenshire and Neath Port Talbot.

Sir Terry Matthews, chair of the Swansea Bay City Region Board, said: "Swansea Bay became world-famous in ‘the first machine age’. We aim to re-energise a vibrant and pioneering role in Wales and the UK as the world now enters ‘a new digital machine age’.”

City and County of Swansea Council leader Rob Stewart pointed out: "The bid comes within weeks of major regeneration proposals being announced for Swansea’s Civic Centre and St David’s development sites that will help strengthen Swansea city centre's position as both the regional capital of South West Wales and a key driver of the Swansea Bay City Region economy as a whole."

In a separate but related move, Cardiff Capital Region this week outlined its planned £1.28 billion city deal to UK ministers, with a view to securing an in principle agreement in time for George Osborne’s Budget next month.

Image credit | Shuttershock

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