The North Wales Growth Bid, which could enable £1.3 billion of investment in the local economy, has moved a step closer. However, the team behind the bid are urging all businesses in the region to support it.
Insider Media reported that the team is confident that the growth bid will be announced by the end of this year.
Chairman of the North Wales Growth Bid and Flintshire Council leader Aaron Shotton told attendees at the North Wales Ambition Board and North Wales Business Council stakeholder event that talks between the team and UK and Welsh governments are “progressing well”.
However, he added that the bid can’t become a reality unless it is approved, and to do that the bid team need to demonstrate its support.
“We really need the people and businesses of North Wales to join us - and back the bid - so we can take our economy to the next level,” Mr Shotton stated.
He added that this is the “opportunity of a generation to transform our economy”, but stressed the importance of doing so together as a united region.
More detailed planning about the deal is expected to take place over the summer, with the full plan announced towards the end of 2018. There are 26 projects under eight programmes in the bid, which cover areas as diverse as smart technology and innovation hubs, strategic transport, and land and property development.
If the growth bid is approved it could support the region, which is already having success in attracting greater investment. Earlier this year the Development Bank of Wales revealed that £15 million was invested across 65 businesses in 2017.
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