![]() ![]() Each project has 12 months to deliver their plans. Today’s decision is seen as the first step in a process which could see these projects become reality. The five projects announced will now work with Ambition North Wales to develop an outline business cases for consideration. ![]() I look forward to seeing them develop with the support of the Growth Deal.” These exciting projects have the potential to be transformational for the region, contributing towards employment, skills and will be a boost for local communities. This transformation will provide well-paid jobs for the future, driving growth and prosperity and making a material difference to so many people who live and work in north Wales.”Įconomy Minister Vaughan Gething said: “I’m pleased to see five new projects become part of the North Wales Growth Deal. The UK Government has contributed £120m to the North Wales Growth Deal and I’m delighted to see this money, along with contributions from our partners, being used to help transform the economy of North Wales. Welsh Secretary David TC Davies said: “It’s brilliant to see new projects with so much great potential reach the next phase of funding. I look forward to working with each organisation as they develop their outline business cases and I am keen to see the positive impact they can have on our communities and economy.” They reflect our vision for innovative and sustainable economic prosperity through collaboration between public and private sectors."Īlwen Williams, portfolio director added: “Today’s decision is a significant step forward as we allocate Growth Deal funding to these innovative new projects. They are transformational projects which have the potential to be significant additions to the North Wales economy and to generate additional investment and employment opportunities in key sectors. Wrexham Gateway project by Wrexham County Borough Council - £4.79mĮach organisation will agree a memorandum of understanding which will set out the expectations of them in relation to securing the funding.Ĭllr Dyfrig Siencyn, chair of the North Wales Ambition Board, said: “We are pleased to support the recommendation that these five exciting new projects can proceed to the next phase in order to secure Growth Deal funding.Deeside Waste to Fuel Plant project by The Circular Economy Ltd - £6.4m.Holyhead Hydrogen Hub project by Menter Môn - £3.8m.Kinmel Studios project by Stage Fifty - £6.8m.Responsible Adventure project by Zip World - £6.2m.The projects and provisional allocations are:(More details at bottom of story) READ MORE: The things that will be banned in Wales in the next 18 months It saw project bosses invite further bids. This move came after some of the original schemes have failed to make progress - including a massive homes and employment land project in Denbighshire. New projects included in the latest round have been awarded a provisional allocation of Growth Deal capital funding subject to the approval of their business case. ![]() The North Wales Growth Deal is a £240m fund jointly backed by Welsh and UK governments. The total investment of Growth Deal cash could be around £28m - which would be backed by millions of pounds more in private or other public sector investment. Subject to agreement of certain conditions, each project will now go on to develop an outline business case. Today, members of the North Wales Ambition Board supported a recommendation to invite five new projects. New projects could be in line for multi-million pound funding boosts after being invited to join the North Wales Growth Deal portfolio. ![]()
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