More than ten thousand jobs are planned for Wales after £1.4 billion of extra investment was announced by the First Minister today ahead of the Wales Investment Summit.
New investments for Wales announced since the Summit was launched total £16 billion.They include international names, such as:
- Vodafone - £600 million investment to bring 5GSA coverage to 99% benefiting an extra 2 million people .
- GE Aerospace Wales - £19 million to modernise its global customer base at Nantgarw site which employs more than 1,350 highly skilled engineers and technical specialists.
- Associated British Ports (ABP) - £42 million capital investment in five Welsh ports, including introducing a new deep-water berth at Middle Quay, Newport .
- RWE - £200 million to build its largest facility for battery energy storage in Pembroke. This will help to stabilise the UK energy market by storing surplus energy and feeding it into the National Grid .
- Eni - Several hundred-million-pound investment in carbon capture and storage on the site of the former colliery area at Point of Ayr, Flintshire creating more than 1000 jobs.
- Bad Wolf - £2 million for the production of two new high end TV productions that will invest £30 million in the Welsh economy.
Vantage Data Centers plans to invest £10 billion across south Wales, including at sites such as the former Ford Bridgend Engine Plant, transforming the plant into a world-class data-centre campus to meet the demands of the AI revolution. This investment is set to create over 5,000 jobs in data centre construction and operations.
More than 300 business leaders and global investors from 27 countries are meeting in Newport today to explore exciting investment opportunities in Wales.
For further information please select the following link: Over £16 billion of investment and thousands of jobs heading to Wales | GOV.WALES.
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