A Key Alternative that Might Have a Main Influence on the Welsh Financial system
As a part of a brand new collection targeted on the ambitions and alternatives of the Celtic Freeport bid in South Wales, Enterprise Information Wales spoke with Richard Selby, Nationwide Chair of the IOD in Wales and Director and Co-founder of Professional Metal Engineering, concerning the impression the freeport might have on financial prosperity in Wales.
Concerning the Celtic Freeport Bid
Celtic Freeport is an thrilling venture that may unlock the widest attainable alternatives for Wales by accelerating innovation and inspiring vital funding, whereas fast-tracking fashionable expertise for brand spanking new inexperienced industries and nationwide decarbonisation.
With improvement websites all through Neath Port Talbot and Pembrokeshire, the Celtic Freeport will:
- Help 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
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Background
In September 2022, the Welsh and UK governments invited proposals for a freeport in Wales.
The cut-off date for bids was 24 November 2022, with the profitable bid anticipated to be introduced in early February.
The Celtic Freeport bid was lodged on behalf of a public-private consortium whose companions embody Related British Ports (ABP), Neath Port Talbot Council, Pembrokeshire County Council and the Port of Milford Haven.
