South East Wales councils agree to join forces to progress City Deal
28 July 2015
Ten south east Wales local authorities have formally agreed to join forces to help deliver a City Deal for the Capital City Region.
The commitment to work together is a major step forward in the bid to bring a City Deal to the region. A £500,000 fund had been created to help develop the bid with each of the councils committing cash to the project.
In partnership with the Welsh Government, the ten councils will begin work to develop a proposal for the UK Government for investment in the city-region economy to provide jobs and increase economic output.
The City Deal aims to attract significant levels of new funding for South East Wales to support economic development. Elsewhere, City Deals have provided significant amounts of new funding to support infrastructure development for city-regions across the UK.
Monthly meetings have been scheduled for all leaders, with Welsh Government officials in attendance, to develop the proposal, while officials have established a working group across all ten authorities and the Welsh Government to develop the detailed business case for the City Deal.
Cllr Neil Moore, Leader of the Vale of Glamorgan Council, said: “A successful City Region could potentially bring great benefits to South East Wales. There is, however, a long road ahead and this is why I cautiously welcome these initial developments. Now that all ten councils have agreed to work in partnership with Welsh Government to develop a formal proposal we can begin to map out the challenges that we will need to overcome to make this project a success.”