The agreement of a £1.2 billion City Deal for the Cardiff Capital Region (CCR) is a huge economic boost which will drive growth across the region, Welsh Labour’s First Minister Carwyn Jones said today.
The City Deal, which brings together ten local authorities, includes more than £500m of Welsh Government support towards improving transport infrastructure within the region. The Deal is expected to deliver up to 25,000 new jobs and bring in an additional £4 billion of private sector investment. The First Minister today joined the ten leaders of the local authorities involved in the Cardiff Capital Region to sign the City Deal document at a ceremony in Cardiff.
Welcoming the City Deal, the First Minister said: “We have lobbied hard for a City Deal for the Cardiff Capital Region and put more than £500m on the table to support improving transport infrastructure within the region. Today’s announcement sees that vision become a reality – it is a vote of confidence in the region and a huge economic boost.
“Central to the success of a City Deal is the close collaboration and partnership between all ten local authorities. It is a great example of what can be achieved by coming together for the greater good of our Capital region.
“We’ve always said that a successful City Deal for Cardiff demonstrates Wales’ credibility and opens the door to further Deals for Wales. We continue to push the case for a Swansea Deal and to explore how North Wales can benefit.”