A Hub of Collaboration and Innovation Creating the Alternatives of Tomorrow

As a part of a brand new sequence targeted on the ambitions and alternatives of the Celtic Freeport bid in South Wales, Enterprise Information Wales spoke with Martin Carruth, Industrial Director at Marine Energy Programs Ltd (MPS), concerning the affect the freeport may have on innovation, provide chain growth and funding, whereas strengthening the UK’s power safety.

Concerning the Celtic Freeport Bid

Celtic Freeport is an thrilling challenge that can unlock the widest attainable alternatives for Wales by accelerating innovation and inspiring vital funding, whereas fast-tracking fashionable abilities for brand new inexperienced industries and nationwide decarbonisation.

With growth websites all through Neath Port Talbot and Pembrokeshire, the Celtic Freeport will:

• Assist 16,000 new inexperienced jobs
• Generate £5.5bn of recent funding
• Speed up the roll-out of floating offshore wind and the hydrogen economic system.

Background

In September 2022, the Welsh and UK governments invited proposals for a freeport in Wales.

The deadline for bids was 24 November 2022, with the successful bid anticipated to be introduced in early February.

The Celtic Freeport bid was lodged on behalf of a public-private consortium whose companions embrace Related British Ports (ABP), Neath Port Talbot Council, Pembrokeshire County Council and the Port of Milford Haven.