US EditionNewport Investment Summit Expected to Bring New Jobs to Wales
The Wales Investment Summit is showcasing projects worth £16 billion expected to create over 10,000 jobs in sectors including energy, data centres, and life sciences.
- The Prince of Wales will meet Welsh businesses and deliver a speech at the Wales Investment Summit staged at ICC Wales in Newport, where projects worth about £16bn could support more than 10,000 jobs.
- To attract more private capital, the Welsh Government is pitching projects already on the market, bringing government and investors together to close funding gaps with schemes confirmed since last year.
- RWE is investing 200m in its Pembroke battery storage project, organisers say, while Vodafone plans a 600m roll-out to reach 99% of Wales and two million more people.
- Economy Secretary Rebecca Evans said `There will definitely be opportunities to close deals pretty quickly as a result of the investment summit, but also this is really about creating connections and relationships`, and noted £18m of inward investment since the summit was announced.
- Uncertainty remains over job breakdowns as the Welsh Government lacks precise figures and the Global Centre of Rail Excellence needs private commitment despite £160m UK Government investment zone support.
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11 Articles
Evening Standard
William to champion Wales at investment summit
The summit is being staged in Newport – the most significant event hosted by Wales since the 2014 Nato summit.
First Minister says investment summit marks shift in government priorities
The First Minister has said a major investment summit marks a shift in priorities for her government. Speaking at the Welsh Investment Summit, hosted at the International Convention Centre in Newport, Eluned Morgan said she wanted to put the economy “front and centre”. The event is the most significant hosted by Wales since the 2014 […]
Hundreds of businesses from all over the world are gathering in Newport today (Monday, December 1) for Wales' most important economic summit in a decade. The Prime Minister's Investment Summit is being held at the Celtic Manor Hotel and ICC centre, with over 300 senior business leaders from 31 countries.
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