Chancellor's commitment to Swansea Bay City region welcomed
Swansea Bay City Region leaders have welcomed news that the UK Government has recommitted its support for a Swansea Bay City Deal. Chancellor Philip Hammond made the announcement during his Autumn Statement to parliament earlier this afternoon (Wednesday November 23). The region’s City Deal bid, if approved, could be worth billions of pounds to Swansea Bay over the next 20 years. Focussing on the region becoming a digital superhub through major investment in digital infrastructure, the 'Internet Coast' City Deal proposals would have major benefits for Swansea, Neath Port Talbot, Carmarthenshire and Pembrokeshire. It’s estimated the approval of the City Deal would be worth £3.3bn to the south west Wales economy, helping deliver thousands of job opportunities for Swansea residents and others. Sir Terry Matthews, Chair of the Swansea Bay City Region, said: “The Chancellor’s recommitment to the Swansea Bay City Deal in today’s Autumn Statement is great news. “We are pleased to ha...