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Wishlist of £1.3 Billion Could be Triggered by North Wales Growth Bid Cash

29th November 2017
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Among the major investment plans on the table: £50 million on Holyhead Port Redevelopment and the Trawsfynydd Centre for Energy Generation Among the major investment plans on the table: £50 million on Holyhead Port Redevelopment and the Trawsfynydd Centre for Energy Generation

#Holyhead - A wishlist that could see £1.3bn of investment in the North Wales region to include the Port of Holyhead has been revealed.

According to the Daily Post, North Wales’ six councils as well as education bodies and business groups came together to prepare the North Wales Growth bid that would see money provided by the UK and Welsh governments for training and infrastructure.

A meeting of business and political leaders, today heard the plan could create over 5,000 jobs directly - with £383.4m in Growth Bid cash from the Governments tipped to trigger an additional £1 billion in private sector investment.

They also heard the plan would increase the rate of business start-ups and small business growth, support innovation in energy and advanced manufacturing, reduce unemployment and taken together with other programmes and the Wylfa Newydd development, increase GDP from £12.8bn in 2015 to £20bn in 2035.

The bid will now be considered by the UK and Welsh governments.

For a list of the projects that would be funded, click here by scrolling down the story. 

Published in Ports & Shipping
Jehan Ashmore

About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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