Remodeling the Economic system Throughout the South Wales Area
As a part of a brand new sequence centered on the ambitions and alternatives of the Celtic Freeport bid in South Wales, Enterprise Information Wales spoke with Chairman of the Port of Milford Haven, Chris Martin, concerning the affect the freeport may have, in reworking the economic system in South Wales and serving to to maintain communities within the area.
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 trendy 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 latest 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 time limit 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.
