Multi-million-pound North Wales Growth Deal welcomed by Welsh Conservatives

Paul Davies AM, Leader of the Welsh Conservatives in the National Assembly, yesterday welcomed the signing of the multi-million-pound North Wales Growth Deal.

The signing, which took place in London 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.

The UK Government has already committed £120 million to the deal, which has been matched by the Welsh Government, 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 £240m has the potential to secure 4,000 jobs and secure over £500m in private sector investment over the next 15 years.

Mr Davies, Leader of the Opposition in the Welsh Assembly, said: “I welcome the North Wales Growth Deal. This dynamic project, which focuses on low-carbon energy and digital connectivity, will bring transformative benefits to North Wales and beyond for generations to come. Investment on this scale –­ £240m, which includes £120m from the UK Government – is significant and will bring further investment of hundreds of millions pounds from the private sector, the potential for thousands of jobs leading to increased prosperity, and will help deliver a cleaner environment for Wales.”

Secretary of State for Wales Alun Cairns added: “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.”

The North Wales Growth Deal is one of a number of major projects in Wales, such as the £1.2 billion City Deal for the Cardiff Capital Region City Deal, with £500m funding from the UK Government. The Mid-Wales Growth Deal has £55m funding from the UK Government, which has also provided some £115m for the Swansea Bay City Region Deal. Prime Minister Boris Johnson and Mr Cairns have said that every part of Wales will now be covered by the City and Growth Deal programme.