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Swansea Bay City Deal Wales


The first phase of Canolfan S4C Yr Egin in Carmarthen


A £1.3 billion investment in a number of transformational projects, the Swansea Bay City Deal will improve people’s lives in all parts of South West Wales.


Businesses and residents in rural and urban communities will benefit from this unprecedented programme of investment across Carmarthenshire, Neath Port Talbot, Pembrokeshire and Swansea.


As well as projects bespoke to the four local authority areas, a number of others will cross-sect the Swansea Bay City Region as a whole.


These include the Homes as Power Stations and Digital Infrastructure projects, as well as a Skills and Talent initiative that will put training pathways in place for local people to access the 10,000 high-quality jobs the City Deal will create in the next 15 years.


The Digital Infrastructure project aims to support a thriving digital economy across the City Region that will stimulate private sector investment, improve public services and generate well-paid job opportunities.


Working alongside the UK Government, the Welsh Government and internet service providers, the project will lead to high-quality, full fibre public and private digital services in urban areas.


Internet coverage in rural areas will also be considerably improved for the benefit of residents and businesses, and work is taking place alongside mobile operators to enable early, in-region access to future technology, including 5G.


This project will link with all other Swansea Bay City Deal developments, including the Homes as Power Stations project that will deliver smart, low carbon, energy efficient homes across the Swansea Bay City Region. Helping to tackle fuel poverty, cut regional carbon emissions and meet the need for housing, this


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project is made up of new build schemes, the retro-fitting of existing buildings, and measures to support the regional supply chain. A pilot scheme to help inform the detail of the overall project is already under construction in Neath.


The City Deal is being funded, subject to the approval of project business cases, by the UK Government, the Welsh Government, the public sector and the private sector. It’s being led by the four regional local authorities - Carmarthenshire Council, Swansea Council, Neath Port Talbot Council and Pembrokeshire Council - together with the Abertawe Bro Morgannwg and Hywel Dda University Health Boards, Swansea University, the University of Wales Trinity Saint David, and private sector partners.


A Joint Committee overseeing all aspects of the City Deal has now been established, as well as an Economic Strategy Board with representation from the private sector providing expertise in a number of key City Deal sectors. The Economic Strategy Board will supervise the production of both project business cases and an implementation plan, set strategic objectives for the Swansea Bay City Region, and monitor City Deal progress.


Cllr Rob Stewart, Joint Committee Chairman, said: “The City Deal will improve people’s lives in all parts of South West Wales – both urban and rural – by raising aspirations, improving services, boosting skills, and creating well-paid employment opportunities.


“Transforming the City Region into a global centre of excellence for digital technology, life sciences, creative industries, energy and smart manufacturing, the City Deal will leave a sustainable, long- term, prosperous legacy for future generations.


“Acting as a catalyst for further investment, the City Deal will turbocharge the regional economy, benefit regional businesses and raise the City Region’s profile throughout the world.


COMMERCIAL PROPERTY MONTHLY 2019


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