£25 million for seven projects to kick-start the Anglesey Freeport and drive economic growth across the island and North Wales has been announced today (20 March 2026).
The Welsh Government, UK Government, Isle of Anglesey County Council and Stena Line UK have signed a Memorandum of Understanding (MoU) formalising how the freeport will be governed and delivered.
This agreement unlocks the first tranche of £25 million seed capital funding, from the UK and Welsh governments, for projects that will improve infrastructure, attract inward investment and create employment opportunities.
Anglesey Freeport is a designated zone where businesses benefit from tax reliefs and other incentives designed to attract investment and create high-quality jobs.
The seven projects include road access improvements, energy infrastructure, site remediation and new improved facilities at the Menai Science Park campus. Together they will prepare the freeport's tax sites for private sector investment.
The announcement builds on recent major commitments for the region, including the approval of a new Wylfa nuclear reactor and the designation of a North Wales AI Growth Zone. The freeport's sector priorities, which include nuclear energy and digital technology, directly complement both developments.
For further information please select the following link: Anglesey Freeport gets £25 million boost to create jobs and growth | GOV.WALES.