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International Business Times UK
International Business Times UK
Will Lorca

UK's £100B AI Growth Zones Aim to Tackle Record Welsh Unemployment

Government's £100B AI strategy aims to cut North Wales' unemployment and build a high-tech industrial future. (Credit: Pixabay)

The UK government has announced the launch of a major AI Growth Zone in North Wales, positioning the region at the heart of a £100 billion national strategy to revitalise high-tech industry and stimulate economic growth.

This initiative, combined with a £2.5 billion investment in a new nuclear power station at Wylfa, is expected to generate nearly 6,500 local jobs. However, it arrives against a backdrop of worsening economic conditions, with official figures revealing Welsh unemployment has surged to 5.7%, the highest rate in the UK.

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