CardiffCapitalRegionCityDeal.pdfVIP

Cardiff Capital Region City Deal Executive Summary 1. Cardiff Capital Region has secured a deal worth ￡1.2 billion. Over its lifetime, local partners expect the City Deal to deliver up to 25,000 new jobs and leverage an additional ￡4 billion of private sector investment. 2. This City Deal will provide local partners with the powers and the resources to unlock significant economic growth across the Cardiff Capital Region. It is a deal that builds on the region’s sectoral strengths, its high skill base and three successful universities. The City Deal also provides an opportunity to continue tackling the area’s barriers to economic growth by: improving transport connectivity; increasing skill levels still further; supporting people into work; and giving businesses the support they need to innovate and grow. 3. This deal will also develop stronger and more effective leadership across the Cardiff Capital Region, enabling ten local authority leaders to join up decision making, pool resources and work more effectively with local businesses. 4. The Cardiff Capital Region City Deal includes: ? ￡1.2 billion investment in the Cardiff Capital Region’s infrastructure. A key priority for investment will be the delivery of the South East Wales Metro, including the Valley Lines Electrification programme. ? Connecting the region. The Cardiff Capital Region will establish a new non- statutory Regional Transport Authority to co-ordinate transport planning and investment, in partnership with the Welsh Government. ? Support for innovation and improving the digital network. To develop capabilities in Compound Semiconductor Applications the UK Government will