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Birmingham Post
Birmingham Post
Business
Richard Youle

Private sector backing for Swansea Bay City Region City Deal still marginal

City Deal Swansea

The scale of private sector investment in the £1.24bn City DEal for the Swansea Bay City Region remains small, but it is still relatively early days.


Private money is key for the wide-ranging programme of investment in nine projects, which were devised to boost economic productivity and create well-paid jobs across Swansea, Neath Port Talbot, Carmarthenshire and Pembrokeshire.

Heads of terms for the 15-year deal were signed by central and local government leaders at Swansea's Liberty Stadium - now Swansea.com Stadium - in 2017, but it has taken longer than expected to start rolling them out. Originally there were 11 projects, but the number was reduced by two.

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