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More councils back Cardiff Capital Region City Deal
Caerphilly, Newport, Torfaen and Bridgend councils have given their backing to the proposed £1.2 billion Cardiff Capital Region (CCR) City Deal.
All local authorities in favour of the deal are expected to meet before 10 February 2017 to vote on the plans, and approve a commitment by the group to borrow a combined total of £120 million as part of the CCR City Deal Wider Investment Fund.
The ten local authorities are Blaenau Gwent, Bridgend, Caerphilly, Cardiff, Merthyr Tydfil, Monmouthshire, Newport, Rhondda Cynon Taf, Torfaen, and Vale of Glamorgan.
Councillor Andrew Morgan, chair of the CCR Shadow Regional Cabinet, and Leader of Rhondda Cynon Taf County Borough Council, said: “This is an important part of the City Deal process. The ten authorities have worked extremely closely over the past 16 months to get the City Deal to this position, but support for the City Deal from those authorities’ members is critical if we are to collectively take this hugely exciting Deal forward.
“Together, the local authority partners can bring about an economic and social step-change in the Cardiff Capital Region, through improved transport, supporting innovation, an improved digital network, developing skills, supporting enterprise and business growth, and through housing development and regeneration.”
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