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Birmingham Post
Birmingham Post
Business
Owen Hughes

Five North Wales Growth Deal projects on red list as affordability now 'biggest risk' in costs crisis

North Wales Wales Bangor University United Kingdom

Ambition North Wales has placed five Growth Deal projects on the ‘red list’ - partly due to the spiralling costs in the construction sector.

The group secured £240m in a joint investment over 10 years from the Welsh and UK governments - with a collection of 20 projects on its programme that is designed to bring £1bn of investment to the region and create thousands of jobs.

They are already making progress with a £3m investment in Bangor University’s Digital Signal Processing (DSP) project that could create 40 direct jobs and develop digital tech to help the whole region. The business case has also been backed for a £9m investment in the Morlais tidal scheme off Anglesey.

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