Cardiff Council backs £1.2bn deal

Cardiff Council has agreed to support the Cardiff Capital Region City Deal, worth £1.2 billion, aimed at boosting economic growth in south east Wales.

The deal will see £734 million invested in the Metro transport scheme and £495 million on other projects.

Rhondda Cynon Taf and Merthyr council have already formally supported the deal along with Monmouthshire and Blaenau Gwent. The remaining five councils are set to vote on the agreement over the next coming weeks.

Phil Bale, Cardiff council leader, said: “We're a central part of a region that makes up over half the Welsh economy, yet the Cardiff capital region lags behind our counterparts in England and UK cities are even further behind their counterparts in Europe.

"Over its lifetime we anticipate the deal will deliver up to 25,000 additional new jobs and leverage an additional £4 billion in private sector investment."

Bale added: "This is a significant moment in the history of both this city and the region."