Council Leader calls for release of City Deal funds
Carmarthenshire County Council’s Leader is calling on the Welsh and UK Governments to release funding for two Swansea Bay City Deal projects to help ‘provide confidence to the business community’ in a challenging economic climate.
The call comes as German car part manufacturer Schaeffler announces proposals to close its Llanelli site, putting over 200 jobs at risk.
Cllr Emlyn Dole said businesses and investors need more confidence that Carmarthenshire remains a big player on the international business stage, and said the City Deal projects would act as a catalyst for further investment and job creation in the county.
He has called on the Welsh Government to release £40million of City Deal funds promised for the proposed Wellness and Life Science Village at Delta Lakes in Llanelli, work on which is due to get underway soon.
“This innovative and unique development is gaining international recognition and attracting many large companies who are looking to invest in the area,” he said. “We must capitalise on this interest as quickly as we can to start to provide the 1,800 first-class jobs that the Village, with its associated university, health, research, teaching, leisure and care facilities, will bring.”
Cllr Dole has also called for the release of £5million of funding for Yr Egin, in Carmarthen, which has already opened as the new headquarters for S4C.
The City Deal projects have undergone a robust and thorough process of business planning, in which both Welsh and UK Governments have played a fundamental part in ensuring they are sustainable and meet the required criteria as set out by Governments.
Cllr Dole added: “We need to get these funds released to enable further job creation during this challenging period. We need to provide confidence to the business community at this time and show that our funds are ready to enable them to invest too.”