Further £4.5m funding boost for Ebbw Vale
A further £4.5m will be invested in Ebbw Vale by the EU and Welsh Government to attract entrepreneurs and new businesses to the area.
The funding will support the construction of a new business hub on The Works site, which will be designed for emerging businesses in sectors including research and development, high-tech engineering and pharmaceuticals.
Around two acres of land on Lime Avenue will be redeveloped to create more than 20,000 sq ft of business floor-space by 2019. The project is also being funded with £2m from Blaenau Gwent Council.
The £6.5m development follows other EU and Welsh Government investments in The Works site, including the Blaenau Gwent Learning Zone, which is providing state-of-the-art educational facilities for Blaenau Gwent and the Heads of the Valleys.
Finance Secretary Mark Drakeford said:
“We are committed to maximising EU funding while it is available and investing in projects that will create long-term benefits for local economies, people and communities in every part of Wales.
“This development in Ebbw Vale will help attract young, ambitious businesses to the area with great potential to expand and create good-quality jobs locally.”
The Lime Avenue development supports the ambition of the Ministerial Taskforce for the South Wales Valleys’ Our Valleys, Our Future plan to help improve prosperity across the South Wales valleys.
It also follows last month’s announcement of funding for a new 50,000 sq ft industrial building in Ebbw Vale, which is the first stage in the creation of the Welsh Government’s £100m Technology Park, which will create up to 1,500 new jobs in the area.
Councillor Dai Davies, Blaenau Gwent Council’s executive member for regeneration, recently said:
“We welcome today’s announcement from the Finance Secretary to fund high-quality hybrid-style business units on The Works site, which we hope will create new enterprise and jobs in Blaenau Gwent.
“Once completed, we will be looking to market the units to attract entrepreneurs who want to take forward high-value businesses in sectors such as research and development, high-tech engineering, pharmaceuticals, digital technology and creative industries.”
Latest News from
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.
We want EU to stay – Jeremy Miles15/11/2019 09:05:00
Brexit Minister Jeremy Miles has urged people across Wales to help spread the word and ensure the tens of thousands of EU citizens living here are fully aware of their rights post-Brexit.
£1 million boost for North Wales foundational economy projects14/11/2019 14:05:00
Supporting the delivery of social services in Flintshire and increasing local markets for shellfish in Anglesey are two of the 11 projects in North Wales that will share almost £1 million from the Welsh Government to test new ways of growing the everyday parts of the economy.
£4m funding boost for Wales’ National Parks and Areas of Outstanding Natural Beauty14/11/2019 11:15:00
Wales’ national parks and other cherished landscapes are to receive a £4m funding boost from the Welsh Government, Deputy Minister for Housing and Local Government, Hannah Blythyn announced yesterday.
Welsh Government estate achieves record environmental targets14/11/2019 09:05:00
The environmental performance of the Welsh Government’s administrative estate is exceeding expectations according to the 11th annual State of the Estate report out yesterday.
Introduction of 50p minimum unit price for alcohol approved in Assembly vote13/11/2019 14:05:00
The Welsh Government will introduce a minimum unit price for alcohol of 50p from 2 March 2020, with regulations yesterday being approved by the National Assembly for Wales.
Major expansion in training places for nurses and other health professionals13/11/2019 09:05:00
Health Minister, Vaughan Gething, has announced an extra £16.4m for a 14.5% increase in training places for nursing and midwifery and a 17.7% increase for other health professions.
Wales’ first ever strategic plan for marine management will help ensure developments in our seas don’t compromise our natural resources, says Minister12/11/2019 12:05:00
The first ever strategic plan for marine management in Wales will have sustainability at its heart and help ensure developments in our seas don’t compromise our natural resources, Minister for Environment, Energy and Rural Affairs Lesley Griffiths has said.
Implementing the Youth Work Strategy for Wales: how to get involved12/11/2019 09:05:00
Strategy Participation Groups that will inform and help deliver our new strategic approach are being formed and there is the opportunity for your involvement.
‘Harlech P-38’ scheduled for its historic importance and future protection11/11/2019 15:15:15
An American fighter plane which crashed during the Second World War has recently been scheduled by Cadw, making it the first legally designated military aircraft crash site protected for its historic and archaeological interest in the UK.