South West Wales

'Ambitious' Swansea city deal could be 'catalyst' for area

Swansea city centre and marina Image copyright Thinkstock
Image caption Swansea city centre and marina

Approval for the Swansea Bay City Region deal would be a "catalyst" and show the area's "ambition", according to Swansea University.

City councillors backed the plan - which could deliver a £3.3bn boost to the regional economy - on Thursday.

The Swansea Bay City Region would boost digital technology for advances in areas such as healthcare and energy.

Swansea University is carrying out a statistical analysis of what the deal could be worth to the area.

It believes it would deliver an estimated £3.3bn boost to the regional economy over 15 years, generating over 9,500 direct new jobs.

About 33,000 jobs in total could be created across the region when spin-offs, relocations, construction jobs and business opportunities for local suppliers are taken into account, it believes.

Vice chancellor Richard Davies said it would be a "catalyst" for the wider economy and show the "ambition" the area has.

He added: "Our world-leading research, in collaboration with industry, will continue to grow and have a real impact."

Figures behind the plan will soon visit London to press the UK government to approve the scheme.

Reports have also gone to other councils involved - Carmarthenshire, Neath Port Talbot and Pembrokeshire, for approval.

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