£2.6 million EU investment to bring jobs and businesses to the Rhondda Valleys
Counsel General and Brexit Minister Jeremy Miles, who is responsible for EU funding in Wales, has today announced £2.58 million EU funding to develop new business premises near Llantrisant in Rhondda Cynon Taf.
Mr Miles said:
The Coed Ely business development will sit at the gateway to the Rhondda Valleys, serving the regional economy by providing modern industrial units for new and existing businesses, while stimulating growth in the priority Rhondda Cynon Taf area.
This new project will help to address the impact of losing a large employment site in the area. It will attract new light industrial businesses to the Rhondda Valleys, and provide much needed, well-appointed facilities which will encourage local SMEs to expand and improve productivity. It will also create new long term secure jobs, ultimately giving local residents options, and the opportunity to move off benefits and into the labour market.
The Welsh Government is committed to making Wales a more prosperous and secure place to live and work. EU funds are supporting the people of Wales at ground level, and this project will create local opportunities which can make a real difference to the lives of people living in Rhondda Cynon Taf, and help to future-proof the regional economy in very real terms.
Rhondda Cynon Taf, who will lead the development, and Welsh Government are working together to part fund this project, with each partner investing £675,000 in addition to the EU funding. The new industrial park will be built on 15 hectares of Welsh Government-owned brown field land at the former Coed Ely colliery and coking site.
Lying to the North East of the A4119 Royal Mint roundabout, the development will provide 2,787m (30,000 sq ft) of modern industrial business floor space. It will be demand-focused, aiming to encourage diversification and competitiveness, and targeting SMEs or larger companies who can create quality permanent job opportunities.
The development site lies approximately 4.5 miles north of the M4, with direct access from Junction 34 of the M4 and close to the A4119.
Ken Skates, Minister for Economy and Transport, said:
Improving employment prospects closer to where people live in the valleys is a critical part of the work of the Valleys Taskforce. This project, located within the Task Force area, will create opportunities and secure lasting economic change for communities in a region with rich potential.
Councillor Robert Bevan, Rhondda Cynon Taf Council’s Cabinet Member for Enterprise, Development and Housing, added:
I’m delighted by this announcement by Welsh Government today, as the council welcomes this substantial £2.58 million funding to revitalise a large element of the former Coed Ely colliery site. The land is an example of a strategic location in need of development, and it is critical the Council delivers economic growth by unlocking such sites.
The modern business unit has the potential to create quality and permanent job opportunities – and the project is therefore an example of this council delivering on its ambitions for the County Borough, by encouraging business and economic development in areas of strategic importance. Work is anticipated to start on site in the coming weeks, and the project scheduled for completion in autumn 2020.
Latest News from
Global launch of Aston Martin’s first “Made in Wales” model21/11/2019 11:05:00
The first Aston Martin model stamped with the “Made in Wales” marque was officially unveiled to the world’s motoring press at a global launch in Beijing yesterday.
Wales continues to spend more on key public services21/11/2019 09:05:00
First Minister, Mark Drakeford has welcomed official figures which show Wales continues to invest more in key public services than other parts of the UK.
Fleet and transport news round-up November 201920/11/2019 11:05:00
National Procurement Service framework updates.
Professional services news round-up November 201920/11/2019 09:05:00
National Procurement Service framework updates.
eProcurement User Group (ePUG)19/11/2019 16:05:00
We have re-established an eProcurement user group which will meet on 27 November 2019, 2pm – 4pm.
£1.3 million EU funds to upskill Welsh agriculture and food businesses19/11/2019 14:05:00
Counsel General and Brexit Minister, Jeremy Miles, yesterday announced £1.3 million EU funds to support high level and technical skills training for agricultural and food businesses.
Promoting entrepreneurship vital to Welsh economy success18/11/2019 14:05:00
Each year, more than 55,000 young people throughout Wales are involved in workshops to think about how they can become successful entrepreneurs, Economy Minister Ken Skates revealed at the start of Global Entrepreneurship Week.
New law to introduce votes for 16 and 17 year olds at local council elections in Wales unveiled18/11/2019 11:15:00
A major new package of reforms to local government in Wales, which includes giving 16 and 17 year olds the right to vote at local elections has been unveiled by the Welsh Government.
Welsh Government issues new guidance on working with perpetrators of violence, domestic abuse and sexual assault15/11/2019 14:05:00
New guidance for people who come into contact with perpetrators of violence, domestic abuse and sexual assault through their everyday work has been published today by the Welsh Government.