Welsh Gov to invest £2m into developing Welsh ports

Welsh Gov to invest £2m into developing Welsh ports

Economy secretary Ken Skates has invited ports across Wales to bid for a share of £2m of government funding to develop Welsh ports.

The Welsh Government's Ports Development Fund aims to support the growth of Welsh ports, helping ensure they continue being a key contributor to economic growth and providing opportunities for new jobs within the industry.

Through the fund, the government has made £2m available for ports to support these commitments in the 2017/18 financial year. Approximately £1.4m is for revenue projects and £600,000 for capital projects.

Skates said: “It’s clear that continuing and improving links both within Wales and internationally is as important today as it has ever been, and our ports play an important role in this regard.

“We want to see our ports continue to contribute on a local, regional and national level, helping drive a more prosperous and united Welsh economy and I’m delighted to announce this new fund today, which will see our ports come forward with proposals for how best they would use public funding to achieve this.

“I look forward to seeing the proposals and to carry on working with ports across Wales to build on the good work already evident, ensuring they are ready to overcome any challenges and maximise all opportunities.”

Further information can be found here.