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Multi-Million Pound Funding Secured for City Deal – Business News Wales

A multi-million pound early New Year present has arrived to turbo-charge the Swansea Bay City Deal.

The first phase of City Deal funding – worth £18 million – has been released by the UK Government and Welsh Government for the investment programme, which covers Carmarthenshire, Neath Port Talbot, Pembrokeshire and Swansea.

The funding is based on the approval of two City Deal projects – the Swansea City and Waterfront Digital District, and Canolfan S4C Yr Egin.

Construction work has now started on a 3,500-capacity digital indoor arena on a site adjacent to the LC in Swansea. Also forming part of the City Deal project in Swansea is a digital village on Kingsway for tech and digitally focussed businesses, as well as a box village and innovation precinct development for start-up businesses at the University of Wales Trinity Saint David SA1.
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