The Celtic Freeport has today published its Five-Year Plan, outlining how it will accelerate investment, create high-quality jobs and strengthen South and West Wales’ position as a leading hub for energy, manufacturing and engineering.
The Freeport is designed to attract investment into growing green sectors including low-carbon fuels, floating offshore wind, clean energy manufacturing and advanced engineering.
Over the next five years, the Freeport’s priorities are to attract investment into key industries, support landowners in progressing major development projects, encourage innovation and decarbonisation across supply chains, and lay the foundations for a strong skills and employment pipeline.
The strategy places significant emphasis on working collaboratively with businesses, education providers, local authorities and communities to ensure investment delivers lasting local benefits. By 2030, the Freeport wants to have created the conditions for industry to thrive, unlocked major infrastructure and business investment, strengthened local supply chains, and established clear pathways into employment for local people.
Spanning locations in Milford Haven and Port Talbot, the Celtic Freeport is a public-private sector partnership that includes: Associated British Ports, Camplas, Dragon LNG, Impala, Ledwood Mechanical Engineering, Neath Port Talbot Council, the Port of Milford Haven, RWE and Pembrokeshire County Council.
Cathy Hall, Interim CEO of the Celtic Freeport, commented: “This Five-Year Plan sets out how the Celtic Freeport will support businesses across the region to decarbonise, grow and access new opportunities. We will be focussing on delivering projects to consolidate the region’s strong industrial future.”
Over a 25 year period, the Celtic Freeport is projected to deliver over £8 billion in investment and 11,500 jobs.
