Ten Councils in South East Wales have agreed to join together to ensure the delivery of City Deal.
Monmouthshire County Council writes:
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.
Councillor Peter Fox, Leader of Monmouthshire County Council said: ‘A City Deal for the Cardiff Capital Region will do so much to create a successful and vibrant economic future for south east Wales. It would unlock huge opportunities for the valley communities, our cities and rural counties like Monmouthshire. I look forward to working closely with colleague leaders and other partners to make this a reality.’
Councillor Bob Bright, Leader of Newport City Council, added: ‘By working together, the South East Wales councils can make a real difference to the economy of the city-region and benefit all those who live and work here. Collaboration will help us realise the potential of a strong and united region.’
