The UK Government has agreed a £1.2billion City Deal for the Cardiff Capital Region in partnership with the Welsh Government and 10 local authorities.

Documents

Cardiff Capital Region City Deal

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Bargen Ddinesig Prifddinas-Ranbarth Caerdydd

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Detail

The Cardiff Capital Region (CCR) City Deal is an agreement between the UK government, the Welsh government and the ten leaders of the local CCR. It includes:

  • £1.2 billion investment in the Cardiff Capital Region’s infrastructure through a 20-year Investment Fund

  • The creation of a non-statutory Regional Transport Authority to co-ordinate transport planning and investment, in partnership with the Welsh Government.

  • The development of capabilities in Compound Semiconductor Applications.

  • The creation of a Cardiff Capital Region Skills and Employment Board

  • The CCR and the Welsh Government will work with Department of Work and Pensions to co-design the future employment support from 2017 for people with a health condition or disability and/or long term unemployed.

  • A Cardiff Capital Region Business Organisation will be established to ensure that there is a single voice for business to work with local authority leaders.

  • The Welsh Government and the Cardiff Capital Region commit to a new partnership approach to housing development and regeneration. This will ensure the delivery of sustainable communities, through the use and re-use of property and sites.

The deal was signed in Cardiff on 15 March 2016 by Stephen Crabb, Secretary of State for Wales, Greg Hands, Chief Secretary to the Treasury, local council leaders and the Welsh government.