Chancellor pledges at least 拢445 million of rail investment as part of biggest ever Welsh funding boost
Major transport upgrade to drive growth and unlock economic potential across Wales, as UK 바카라 사이트 delivers on Plan for Change.바카라 사이트�바카라 사이트�
Spending Review: Investing in Wales' future.
- Investment is part of comprehensive spending package to invest in UK바카라 사이트檚 renewal, creating thousands of jobs in clean energy, manufacturing and defence바카라 사이트�
- The Welsh 바카라 사이트 will receive the largest real terms settlement since devolution began in 1999, with an average settlement of 拢22.4 billion per year, enabling the Welsh 바카라 사이트 to deliver for working people in Wales.
Working people across Wales will benefit from better access to jobs and opportunities thanks to a Welsh rail investment worth at least 拢445 million announced by Chancellor Rachel Reeves today as part of the UK 바카라 사이트바카라 사이트檚 Spending Review which will invest in UK바카라 사이트檚 renewal.
The transformative rail package will reconnect Wales바카라 사이트檚 industrial heartlands, improve commuter journeys and drive economic growth in communities that have long suffered from poor transport links.바카라 사이트�
The package will invest in both north and south Wales, fixing level crossings, building new stations, and upgrading existing lines바카라 사이트�
This strategic rail investment forms the cornerstone of the UK 바카라 사이트바카라 사이트檚 plan to reconnect, reindustrialise and renew Wales - addressing decades of underinvestment in critical infrastructure that has held back the Welsh economy.바카라 사이트�
The rail upgrades will specifically link centres of advanced manufacturing excellence in North Wales and improve vital connections between Cardiff and Bristol, making it easier for businesses to invest and for workers to access employment opportunities.바카라 사이트�
Alongside this major transport investment, the Spending Review delivers significant backing for Wales바카라 사이트檚 key industrial sectors.바카라 사이트�
In Port Talbot, a combined investment of up to 拢580 million will secure the future of steelmaking while transforming the port into a clean energy hub. Within this, 拢500 million for Tata Steel바카라 사이트檚 new Electric Arc Furnace will protect 5,000 jobs while reducing carbon emissions.바카라 사이트�
Secretary of State for Wales, Jo Stevens, said:바카라 사이트�
This UK 바카라 사이트 is investing in Wales바카라 사이트� future and driving economic growth across the country.바카라 사이트�
We promised we would deal with the historical under-investment in Wales바카라 사이트� rail network and the funding announced today in this Spending Review shows we are delivering on that pledge.바카라 사이트�
Along with a record financial settlement for Welsh 바카라 사이트 to improve public services, 拢118m more to help keep coal tips safe and investment in growing industries like aerospace, we are backing Wales바카라 사이트� potential and delivering for working people.바카라 사이트�바카라 사이트�바카라 사이트�바카라 사이트�
Growing Wales바카라 사이트� domestic aerospace and defence industries바카라 사이트�
Speaking in the House of Commons today, the Chancellor reaffirmed the government바카라 사이트檚 commitment to increase defence spending to 2.6% of GDP by April 2027, backing our Armed Forces, creating British jobs in British industries, and prioritising the security of Britain when it is most needed.바카라 사이트�
The Spending Review also backed Welsh industry by continuing investment in the defence industry right across the UK, including Wales.바카라 사이트�
Wales바카라 사이트檚 aerospace and automotive industries, already employing over 15,000 people, also stands to gain through UK-wide funding announced for the advanced manufacturing sector, enabling the development and delivery of ultra-low and zero-carbon emission vehicles and aircraft. 바카라 사이트�
Coal tip safety바카라 사이트�바카라 사이트�
The Spending Review also confirms a further 拢118 million between 2026-27 and 2028-29 for the Welsh 바카라 사이트 to바카라 사이트痬aintain the safety of disused coal tips, on the back of 拢25 million already committed in 2025-26 during 2024 Autumn Budget. The money will see tips secured, homes protected and land unlocked for housing, industry and recreation.바카라 사이트�바카라 사이트�
The UK 바카라 사이트 also pledged continued support for Welsh Investment Zones in Cardiff City Region and Wrexham and Flintshire, which will receive 拢160 million each over 10 years, driving growth and jobs.바카라 사이트�
Supporting Welsh businesses바카라 사이트�
The new Industrial Strategy and Public finance Institutions will collaborate with the devolved governments and local stakeholders to drive growth across the UK. Through the Nations and Regions Investment programme the British Business Bank is delivering 拢130 million across Wales to break down access to finance barriers and drive economic growth.바카라 사이트�
Local growth funding바카라 사이트�
A new local growth fund, and investments in up to 350 deprived communities across the UK, will maintain the same cash level as in 2025-26 under the Shared Prosperity Fund. The Ministry of Housing, Communities and Local 바카라 사이트 and the Wales Office will work with local partners to ensure money goes to projects that matter to local people. This investment will help drive growth and improve communities across all parts of Wales.바카라 사이트�
A record settlement for Welsh public services바카라 사이트�
The Welsh 바카라 사이트 will receive the largest settlement in real terms since devolution in 1999, with an average settlement of 拢22.4 billion per year to deliver against the priorities of working people in Wales.바카라 사이트�
This comprehensive investment package is further delivery of the UK 바카라 사이트바카라 사이트檚 promise to invest in Britain바카라 사이트檚 renewal and ensure that economic growth benefits every part of the United Kingdom.