바카라 사이트 going further and faster to bring growth to Wales
The Chancellor has committed to going further and faster to put more money in working people바카라 사이트檚 pockets across Wales.
HM Treasury
Working people and businesses across聽Wales are聽to聽benefit from reforms to drive investment and get Britain building. The Chancellor聽has committed to going further and faster to put more money in working聽people바카라 사이트檚 pockets聽across Wales聽and deliver on the UK 바카라 사이트바카라 사이트檚 Plan for Change.聽
Below sets out specific benefits for Wales聽as a result of聽the Chancellor바카라 사이트檚聽decisions聽today (29 January).
Wrexham and Flintshire Investment Zone聽
- Having confirmed funding for the Investment Zones programme at Autumn Budget, the government can now confirm that the Wrexham and Flintshire Investment Zone (IZ) will focus on advanced manufacturing.
- There are major international businesses in the region including JCB and Airbus, which the IZ will support, as well as the wider advanced manufacturing supply chain in the region. At present the IZ is expected to generate 拢1bn of private investment, creating up to 6000 new high quality jobs.
- The IZ바카라 사이트檚 interventions will be focused around sites in:聽
- Deeside and Deeside industrial estate which houses Tata Steel and Toyota;聽
- Hawarden Airport, where Airbus are based;聽
- Llay Industrial Estate 바카라 사이트� which houses a number of key aerospace businesses; and聽
- Wrexham Industrial Estate 바카라 사이트� which houses a wide range of advanced manufacturing business, including JCB.聽
Sustainable Aviation Fuel
- The UK government is investing 拢63m into the Advanced Fuels Fund in 2025-26聽and has today set out the details of how it will deliver a Revenue Certainty Mechanism to encourage investment into this growing industry. These measures will encourage more investors to back production in the UK, bringing good, high-skilled jobs to areas like South Wales.
Inactivity Trailblazers
- Getting more people back into work is crucial if we want a dynamic economy, and it is good for jobless people too. Over nine million people are inactive, of which a record 2.8 million people are out of work due to long-term sickness. The outdated employment support system is ill equipped to respond to this growing challenge.
- We have committed 拢240m of investment towards 16 trailblazers including one for every MCA and one in Wales to tackle the root causes of inactivity, eight of which will be used to support the Youth Guarantee, the remaining eight will be focused on tackling health-related inactivity.
- The Inactivity trailblazers will be delivered across Wales.
National Wealth Fund Support
- The government remains committed to working in close partnership with the Welsh 바카라 사이트 through the National Wealth Fund to maximise investment opportunities to deliver growth in all corners of the UK.
Welsh Secretary Jo Stevens said:
I바카라 사이트檓 delighted that we are moving forward with the Investment Zone for Wrexham and Flintshire with 拢160 million from the UK 바카라 사이트 to drive economic growth in advanced manufacturing.
In December I met leaders from the advanced manufacturing sector at Toyota in Deeside and visited two hugely successful supply chain businesses. I saw the huge potential for growth and for building on the talent and expertise that already exists in this part of Wales.
This Investment Zone will super-charge economic growth, create up to 6000 new jobs and generate 拢1bn of private investment which will have a transformational impact for people living and working in northeast Wales.
The Chancellor is also reviewing the Treasury바카라 사이트檚 investment guidance in the Green Book to ensure it is being used to provide objective, transparent advice on public investment across the country, reporting at Phase 2 of the Spending Review.
Pushing forwards with strategic infrastructure and investment across all four corners of the UK is key to delivering the UK 바카라 사이트바카라 사이트檚 Growth Mission. Bringing the productivity of major cities to the national average would deliver an extra 拢33bn in economic output, and measures set out today extend beyond this to kickstart a decade of national renewal.
This is just the start, and further regional growth announcements will follow through the year. The government is hardwiring plans for regional growth into the Spending Review, and into plans for infrastructure, investment and the industrial strategy. The UK 바카라 사이트 is also working with the Welsh 바카라 사이트 to ensure the benefits of growth can be felt across Wales, including by partnering on the Industrial Strategy to support Wales바카라 사이트檚 considerable sectoral strengths.
Tim Knowles, Founder and Managing Director of FI Real Estate Management, said:聽
As an investor in Wrexham for almost 20 years, we바카라 사이트檙e delighted to see the announcement that Wrexham and Flintshire will receive Advanced Manufacturing Investment Zone status, with three of our schemes on Wrexham Industrial Estate 바카라 사이트� Wrexham 1M, Wrexham 152, and Bridgeway Centre 바카라 사이트� forming part of the designated zone.
Across these sites, we바카라 사이트檒l be investing 拢115m to create new, high-quality industrial accommodation, supporting the creation of over 1,000 new jobs and delivering an estimated economic value of 拢1.2bn in Wrexham over the next 10 years.
This is a significant milestone for North Wales, and we look forward to working in partnership with stakeholders to leverage this opportunity for strategic investment in the area, helping to supercharge the region바카라 사이트檚 advanced manufacturing sector.
In collaboration with local authorities and wider stakeholders, we need to ensure that we capitalise on all the opportunities this moment brings. We바카라 사이트檝e long recognised the potential for North Wales to become a thriving hub for innovation, and we바카라 사이트檙e excited that our developments can play an important part in this next chapter.
Mark Turner, JCB바카라 사이트檚 Chief Operating Officer said:
JCB has been a prominent feature of the industrial and economic landscape in Wrexham and Flintshire for over 45 years. Innovation is the lifeblood of our business and we welcome the creation of an Investment Zone in North Wales and hope that it will attract many other businesses to the area. As an advanced manufacturer of precision engineering components, JCB Transmissions looks forward to other advanced manufacturing businesses coming to the area. This could go a long way towards building the supply chain resilience of existing manufacturing businesses in the area, such as JCB.
We place a lot of values on skills in our business and we look forward to the Investment Zone positively supporting skills development in the future. JCB continues to invest in our business in Wrexham and today바카라 사이트檚 IZ announcement bodes well for the economic development of the area in the future.