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Birmingham Post
Birmingham Post
Business
Lauren Phillips

Freeport focused on green energy could create over 16,000 new jobs and £5.5 billion new investment, claims backers

A Welsh freeport focused on green energy would create thousands of new jobs and generate billions of new investment, claims the backers behind the Celtic Freeport.

Unveiling their formal bid, members behind the Celtic Freeport have said a freeport status in south west Wales focused on renewable energy would deliver an accelerated pathway for Wales' net zero economy, create over 16,000 new jobs and generate up to £5.5 billion of new investment.

The consortium intends to submit its formal bid to UK and Welsh government officials for assessment tomorrow. The successful bid will be announced in the first quarter of 2023.

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