The Secretary of State for Wales , Welsh Government Minister for
International Relations , and the leaders of the North
Wales Ambition Board, Councillor Dyfrig Siencyn and Councillor
all committed to the deal,
which sets out the next steps of the multi-million pound project.
The signing, which took place in London today at the Office of
the Secretary of State for Wales, demonstrates a commitment by
each of the partners to work together for the people and
businesses of North Wales, and deliver local projects which will
increase opportunity and prosperity in communities across the
region.
Both the UK and Welsh Governments have already committed £120
million each to the deal, with the private sector and other
partners making up the rest of the investment.
The North Wales Economic Ambition Board, a collaboration between
the six local authorities and regional partners, has estimated
that the government investment of £240 million has the potential
to secure 4,000 jobs and secure over £500 million in private
sector investment over the next 15 years.
Secretary of State for Wales said:
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 North Wales 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.
Minister for the Northern Powerhouse and Local Growth, Rt Hon.
, said:
This agreement will deliver multi-million pound investment with
the potential to create green collar jobs in the nuclear and
low carbon sectors, as well as boosting tourism and businesses
across North Wales, the Northern Powerhouse and beyond.
The opportunities created by this Deal are the latest example
of the government’s commitment to levelling up every part of
the UK and empowering local people to build thriving and
prosperous communities.
Welsh Government Minister for International Relations said:
The North Wales 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.
, Minister for Economy, Transport
and North Wales, added:
Today’s signing is an important step forward for this
transformative deal and we will continue to work with our
partners to deliver a Deal which is right for North Wales.
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.
Councillor Dyfrig Siencyn, chair of the Ambition Board and Leader
of Gwynedd County Council, said:
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.
He added:
Our next steps will be to begin implementing the priority
projects and leverage funding from the private sector in key
areas. Next year will be crucial in laying the foundations for
the future and securing the commitment of organisations and
businesses in taking these programmes forward.
The hard work starts now, and on behalf of the Ambition Board I
would like to thank the many private and public sector bodies
that have supported us, as well as stakeholders, both the Welsh
and UK Governments and our local authority colleagues.
The deal will set a clear way forward for the deal and focussed
on low carbon energy, digital connectivity, as well as land and
property. The regional partners will progress detailed specific
proposals with an aim of achieving final agreement by the end of
2020.
