Welsh projects looking for £240 million of FDI

Posted on 19 Dec 2018 and read 799 times
Welsh projects looking for £240 million of FDI At a recent Board of Trade meeting in Swansea, Welsh Secretary Alun Cairns launched £240 million worth of Welsh
energy and infrastructure projects to global investors.

The UK-wide Energy Investment Portfolio aims to attract £35 million of potential investment in Morlais Marine Energy Facility in Anglesey, £100 million in a new CoGen Energy to Waste Plant in Cardiff and £105 million in Penrhos Coastal Holiday Resort in Holy Island.

In addition, the UK Government will add two new projects in Wales to its multi-billion-pound High Potential Opportunities scheme, which is designed to fast-track investment in regions and sectors of the economy.

These are the nuclear sector in North Wales, where opportunities in decommissioning, advanced technology and Wylfa Newydd’s supply chain will be promoted, and Wales’s life sciences and wellness sector. These investment opportunities will be promoted to investors in 108 countries.

The international economic department has established relationships with the world’s most influential investors to ensure that the UK continues to be the top destination in Europe for Foreign Direct Investment.

Mr Cairns said: “I look forward to a packed programme of activities tailored to supporting British businesses that are looking to achieve their global exporting ambitions.”

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