Posted: Wed 1st Feb 2017

City Deal – Next Steps Approved By Newport City Council

news.wales / newyddion.cymru
This article is old - Published: Wednesday, Feb 1st, 2017

Newport City Council has today agreed to be part of the City Deal programme, and back the scheme which will see £1.2billion invested in the regional economy. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

The City Deal will help boost economic growth in ten local authority areas, including Newport, by improving transport links, increasing skills, helping people into work and giving businesses the support they need to grow. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

It will also establish strong governance for the programme of works through a Cardiff Capital Region Cabinet. Through this, the ten local authority leaders are to join up decision making, pool resources, and partner with businesses. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Further to signing the Heads of Terms Agreement between the councils involved in the Cardiff Capital Region (CCR), each of the local authorities must now formally approve a Regional Cabinet comprising of the relevant local authority leaders. The Regional Cabinet currently in a shadow status, which must also to be approved by the Welsh and UK Governments, will oversee the region’s economic growth and delivery of the proposals under the City Deal. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

The City Deal comprises an investment programme of £1.2billion into the regional economy, including £734m for the creation of a South East Wales Metro transport scheme. Each authority must approve a commitment by the ten authorities to borrow a combined total of £120million over the lifetime of the 20 year project. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

At today’s full Council meeting, Leader of Newport City Council, Debbie Wilcox, spoke of the importance of and opportunities that this deal brings for Newport and the wider area: ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

“Central to the success of a City Deal is the close collaboration and partnership between the ten local authorities. I am very pleased that today my colleagues across all political parties have shown their support for what promises to be a generational game changer for Newport and the whole region. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

“We can now plan ahead with two decades of economic investment certainty in our sights. I look forward to closely working with fellow Leaders in making the deal a success and being part of a team that will deliver innovation, investment and development.” ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​



Spotted something? Got a story? Email News@News.Wales



More from Newport Council

Newport Council Leader Disputes Lower Council Tax Rise Demands

Newport Council

Newport Independent Councillors Propose Halving Council Tax Rise

Newport Council

Newport Council Preparing Flood Risk Management Strategy for 500+ Homes at High Risk

Newport Council

Councillor Calls for Review of Newport Council’s Parking Operations

Newport Council

Residents “ignored” as Newport City Council decides to retain 8.5% council tax increase, says Conservative councillor

Newport Council

Newport Council Backs 8.5% Council Tax Rise to Maintain Essential Services

Newport Council

Latest from News.Wales

Brighter Financial Position for Blaenau Gwent as Reserves Decrease in 2023/2024 Budget

Blaenau Gwent Council

Homeowner in Cwmbran Refused Planning Permission for Removal of Hedge to Create Parking Space

Torfaen Council

Claims of Potential £10 Million Annual Target Sparks Concerns Over County Farms Sales

Powys Council

Ceredigion Household Waste Site Faces Closure Amid Council’s Budget Crisis

Ceredigion Council

Newport Council Leader Disputes Lower Council Tax Rise Demands

Newport Council

Proposed 8% Council Tax Rise for Merthyr Tydfil Residents in 2024/25

Merthyr Tydfil County Borough Council