£160m investment zone for South Wales
Cardiff Capital Region (CCR) has announce that its £160 million 10-year Investment Zone programme, is moving into delivery, marking a major step forward in the region’s ambition to become a global hub for advanced manufacturing and digital technologies.
Designed to accelerate innovation, attract investment and create thousands of high-value jobs, the programme, which is funded by the UK Government and supported by the Welsh Government, will build on the region’s internationally recognised compound semiconductor cluster, unlocking new opportunities for businesses, communities and talent across South East Wales.
The programme is expected to attract more than £500 million of private sector investment over the next decade, create up to 4,000 high-skilled jobs and unlock significant new research, development and advanced manufacturing space.
Developed in partnership with Cardiff Council and Newport City Council, as well as Cardiff University, the programme establishes a shared vision for regional growth, helping to position South East Wales as one of Europe’s most competitive locations for innovation-led businesses.
Caroline O’Brien, CEO, CSA Catapult said, “From our base in the Investment Zone, we help scale UK semiconductor companies, delivering long-term economic benefit. We currently have several international partners co-located at the Catapult and we are keen to attract more. We fully support the ambitions of CCR Investment zone to become a global hub, linking to the rest of the UK.”
