Displaying items by tag: Holyhead & North Wales

29th November 2017

Wishlist of £1.3 Billion Could be Triggered by North Wales Growth Bid Cash

Among the major investment plans on the table: £50 million on Holyhead Port Redevelopment and the Trawsfynydd Centre for Energy Generation

#Holyhead - A wishlist that could see £1.3bn of investment in the North Wales region to include the Port of Holyhead has been revealed.

According to the Daily Post, North Wales’ six councils as well as education bodies and business groups came together to prepare the North Wales Growth bid that would see money provided by the UK and Welsh governments for training and infrastructure.

A meeting of business and political leaders, today heard the plan could create over 5,000 jobs directly - with £383.4m in Growth Bid cash from the Governments tipped to trigger an additional £1 billion in private sector investment.

They also heard the plan would increase the rate of business start-ups and small business growth, support innovation in energy and advanced manufacturing, reduce unemployment and taken together with other programmes and the Wylfa Newydd development, increase GDP from £12.8bn in 2015 to £20bn in 2035.

The bid will now be considered by the UK and Welsh governments.

For a list of the projects that would be funded, click here by scrolling down the story.

Published in Ports & Shipping

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.