North Wales Growth Deal – Boosting economic growth

In late 2017, a partnership that included the six North Wales councils, business partners, colleges and universities, formally launched the North Wales Growth Deal.

The proposals would enable investment of £1.3billion in the North Wales economy from a growth deal investment totalling £383.4m

That’s a return of £3.40 for every pound spent.

Over 5,000 jobs could be created, as well as new businesses and housing (including affordable housing).

The North Wales Growth Board – the partnership behind the document – has submitted the proposals to the UK and Welsh governments, and a lot of hard work and negotiations now lie ahead.

Download the document – here 

The document explains how – with the right investment – the region can develop its economy.

It focuses on three key objectives.

• Creating a smart economy that encourages innovation in high-value industries.
• Developing a resilient economy by creating job opportunities, helping North Wales retain a skilled workforce.
• Creating a connected economy, with strong road and rail links with the North West and the rest of the UK, as well as high-quality digital infrastructure.

It says an injection of £383.4 million could help attract £1.3 billion of investment into North Wales – a return of the £3.40 for every pound spent. As well as over 5,000 new jobs, new businesses and new housing.

The document contains lots of evidence, figures and projections, but it’s only 30 pages long and easy to read.

So what happens next?

The North Wales Growth Board – the partnership behind the proposals – has submitted the document to the UK and Welsh governments, and will now start negotiations to try and secure the investment needed to turn its vision into reality.

The partnership includes all six councils in North Wales (including Wrexham Council), as well as the region’s universities, colleges and the private sector.

Keep tabs on the NWEAB website for news and info about the Growth Deal.