Western Gateway’s 2022 Priorities Set to Boost the Region’s Attractiveness for Inward Investment
Western Gateway is planning to focus on the following four matters during the coming year:-
- investigating the potential future for tidal energy in the Severn Estuary
- improving high-speed connectivity throughout the region by enhancing the Great Western Mainline
- using research and academic assets in the area to support manufacturing and renewable energy projects
- marketing the Western Gateway region as an attractive location for inward investment and supporting firms to access new export markets
For the full story, please read the bulletin below which was issued by Insider Media Ltd. today.
Roger Mundy, Managing Director, Beardsley Theobalds, 15th December 2021
Western Gateway Outlines 2022 Priorities
Investigating the full potential of tidal energy from the Severn Estuary and improving high-speed rail links on the Great Western Mainline are two of the key issues set to be at the forefront of the Western Gateway's 2022 agenda.
The Gateway – a cross-border economic partnership covering South Wales and the West of England – will focus on major investment opportunities for the region, according to a new report to Cardiff Council's Cabinet.
Serving as a counterpoint to the Northern Powerhouse and the Midlands Engine, it was set up to secure significant levels of government funding and investment to boost job creation and the economy.
The partnership currently includes the core cities of Cardiff and Bristol, as well as Newport, Swansea, Bath and Gloucester, and stretches across South Wales and the West of England from Swindon to Swansea, Wiltshire and Weston-Super-Mare to Tewkesbury.
The report notes that Western Gateway is planning to focus on four areas in 2022:
The potential future for tidal energy in the Severn Estuary as the region looks to reach net zero carbon; improving high-speed connectivity throughout the region by enhancing the Great Western Mainline; using research and academic assets in the area to support manufacturing and renewable energy projects; and marketing the Western Gateway region as an attractive location for inward investment and supporting firms to access new export markets.
Cardiff Council leader Huw Thomas, who sits on the Gateway's partnership board and is the lead political representative on tidal energy, said: "Workstreams have been set up for all of the four priorities.
"Of particular significance to Cardiff Council are the workstreams around unlocking the tidal energy potential of the Severn Estuary and, securing investment into the strategic rail infrastructure linking Cardiff to other core cities and to London.
"Other regional powerhouses in the UK, namely the Northern Powerhouse and the Midlands Engine, have been successful at attracting significant levels of Government funding and investment.
"It is imperative that the Western Gateway secures similar levels of investment if we are to unlock our full economic potential."
Katherine Bennett, chair of the Western Gateway, added: "This is an exciting time for the Western Gateway. We believe that our area could become the UK's first green energy super cluster and are working on a programme of work to integrate our strengths and assets across nuclear, hydrogen and tidal to create new opportunities for local communities at risk of being left behind."