City Deal for Cardiff and the broader Capital Region

City Deal for Cardiff and the broader Capital Region
28 July 2015
Jane Hutt AM, Minister for Finance and Government Business
Supporting greater investment in infrastructure and bolstering the economic recovery in
Wales is a priority for the Welsh Government. It is in line with this that I have been
discussing prospects for a City Deal for Wales with local authorities and the UK Government
over a sustained period and I was pleased that the Chancellor announced in March that the
UK Government would open negotiations on a City Deal for Cardiff and the surrounding
Building on my early engagement with Cardiff City Council, discussions have been on-going
to develop the proposal further. Central to the successful delivery of a future City Deal will
be close collaboration and partnership between all of the South East Wales local authorities
and I welcome today’s news that the ten Authorities have formally agreed to join forces to
help deliver a City Deal for the Capital City Region. This is an important milestone in our
ambitions for a City Deal for Wales and work can now begin in earnest on exploring and
developing a potential detailed business case.
Over the Summer, I am meeting the Scottish Government Finance and Infrastructure
Ministers to ascertain the terms of the proposed City Deals in Aberdeen and Inverness as
well as taking stock of the Glasgow Deal which was agreed last year. In early September I
will be meeting Lord O’Neill, Commercial Secretary to the Treasury, to discuss infrastructure
investment, including proposals for the City Deal. I will also be seeking clarification from the
Secretary of State for Communities and Local Government, Chief Secretary to the Treasury
and the Secretary of State for Wales on the expectations around a timeline for a proposal.
I will update Members on progress in the Autumn.
This statement is being issued during recess in order to keep members informed. Should
members wish me to make a further statement or to answer questions on this when the
Assembly returns I would be happy to do so.