Business park to get £4m EU cash injection
INVESTMENT WILL HELP NUCLEAR AND ENERGY SECTOR
MORE than £4m of EU funds will be invested to construct new business units to support Anglesey’s growing low carbon energy sector.
The development at Bryn Cefni Business Park will provide over 1,300m² of office, light industrial and storage space for businesses on the former Môn Training site and over 750m² of office space at the Anglesey Business Centre.
The construction is part of wider plans to develop Anglesey’s Enterprise Zone and Energy Island Programme.
Work is expected to begin in early 2018 with the units being ready for businesses in early 2019.
Finance Secretary Professor Mark Drakeford said: “I am delighted EU funds are being invested to construct high quality business premises to support the growing employment and supply chain opportunities stemming from the nuclear and energy sector in the region.
“This will help create a business-ready employment hub that will assist the region to attract inward investment and capitalise fully on the developments created by the Energy Island Programme.”
The units will complement other EU backed business premises in the area, including the completion of seven business units on the Llangefni site and the construction of the nearby Menai Science Park currently underway.
Earlier this year Economy Secretary Ken Skates opened the first two sections of the Llangefni link road which, when complete, will connect people to training and job opportunities in the area, facilitating further economic growth.
Anglesey’s Head of Regulation and Economic Development Dylan Williams said: “These new units will support the continued economic growth of Anglesey, the wider North Wales region and the ongoing development of our Energy Island Programme.
“Securing £4.2m EU funds is testament to the quality of our proposals and location of these schemes.
“This funding will enable us to create opportunities for growth, develop the success of the Enterprise Zone, and we hope to see other infrastructure investments taking place in the future.”
Planning, Regulation and Economic Development portfolio holder Councillor Richard Dew said: “We are grateful for the EU funding and to the Welsh Government for supporting our plans for much needed infrastructure improvements to enable the redevelopment of the Môn Training site and extending the Anglesey Business Centre.
“These developments will be very welcome to increase the availability of highquality modern business premises to rent in the area.”