City re­gion eco­nomic strategy re­port gets ap­proval

South Wales Echo - - NEWS -

THE lead­ers of the 10 lo­cal au­thor­i­ties com­pris­ing the Cardiff Cap­i­tal Re­gion have unan­i­mously en­dorsed the in­de­pen­dent re­port on the future eco­nomic strategy for South East Wales.

The Cardiff Cap­i­tal Re­gion Growth and Com­pet­i­tive­ness Com­mis­sion was tasked with re­view­ing the city-re­gion econ­omy and pro­vid­ing rec­om­men­da­tions for the future de­vel­op­ment of the south-east Wales econ­omy.

The com­mis­sion, chaired by in­ter­na­tional city-re­gion ex­pert Pro­fes­sor Greg Clark, con­cluded that the Cardiff Cap­i­tal Re­gion can be more pros­per­ous, more in­clu­sive and more sus­tain­able if it be­comes bet­ter con­nected and more in­ter­de­pen­dent.

To achieve these pri­or­i­ties, the re­port – pub­lished last month – says the Cardiff Cap­i­tal Re­gion needs a long-term eco­nomic strategy to:

In­vest in ed­u­ca­tion to em­ploy­a­bil­ity and pro­duc­tiv­ity.

Foster em­ploy­ment growth across dis­tinct skills and dif­fer­ent lev­els of in­come. im­prove

Work to­gether to sup­port pub­lic and pri­vate in­vest­ment in in­fras­truc­ture to in­te­grate the re­gion bet­ter and pro­vide more op­por­tu­ni­ties.

Sup­port eco­nomic de­vel­op­ment across the Cardiff Cap­i­tal Re­gion, en­abling there to be mul­ti­ple lo­ca­tions of growth.

De­velop strate­gic plan­ning to en­able house­build­ing and re­gen­er­a­tion ef­forts.

Im­prove qual­ity of place and the range of in­sti­tu­tions in­vest­ing in im­prov­ing city and town cen­tres.

Foster emerg­ing sec­tors of em­ploy­ment and new/young com­pa­nies.

Fur­ther in­te­grate gov­er­nance struc­tures in the city re­gion to com­bine ef­forts, lever­age in­vest­ment and sim­plify de­ci­sion-mak­ing.

The re­port also stresses the need to “move… [to] rapid im­ple­men­ta­tion and avoid fur­ther re­views”.

The Cardiff Cap­i­tal Re­gion Shadow Cab­i­net com­pris­ing the 10 lo­cal author­ity lead­ers has con­sid­ered the com­mis­sion’s re­port, and unan­i­mously ac­cepted the need to de­velop the rec­om­mended re­gional eco­nomic growth strategy with im­me­di­ate ef­fect.

Coun­cil­lor An­drew Mor­gan, chair­man of the Cardiff Cap­i­tal Re­gion City Deal Shadow Joint Cab­i­net, said: “This re­port rep­re­sents one of our com­mit­ments in the City Deal doc­u­ment we signed in March last year and will help us in fi­nal­is­ing the de­tails of our City Deal ar­range­ments in the com­ing weeks.

“The Cardiff City Deal is a £1.2bn deal to un­lock sig­nif­i­cant eco­nomic growth across the Cardiff Cap­i­tal Re­gion and the cre­ation of 25,000 jobs.

“It also aims to un­lock a fur­ther £4bn of pri­vate in­vest­ment in the re­gion, and the rec­om­men­da­tions within this re­port can help us to achieve this as­pi­ra­tion for South East Wales for the ben­e­fit of all – now and for future gen­er­a­tions.”

Cardiff coun­cil leader Phil Bale, who leads the eco­nomic de­vel­op­ment port­fo­lio on be­half of the CCR City Deal, said: “The lead­ers wel­come the com­mis­sion’s re­port and work has now be­gun to in­clude rec­om­men­da­tions as ar­eas of work within the Cardiff Cap­i­tal Re­gion City Deal Im­ple­men­ta­tion Plan, which will be con­sid­ered by all of the coun­cils con­cerned in the near future.”

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