Organisation name: Welsh Assembly Government - Department for the Economy and Transport
Submitted: 21/05/2009 by rhian.davies1@wales.gsi.gov.uk
- Organisation core business: Economic Development & Transport
- What will the project do?: Strategic Employment Sites Infrastructure Fund. This project seeks to provide primary infrastructure and buildings on strategically important sites to facilitate their development on a financially viable basis. The fund aims to aid the development of these sites by providing funding to both public and private sectors. Without funding, development of these sites would be unviable economically. The fund therefore aims to provide new sites capable of being developed upon and encourage additional / refurbished floor space in areas where previously this could not be considered due to the viability gap between cost and end market value. Projects within this fund will be a mixture of primary infrastructure (roads, drainage, sewers, etc) to enable future development to take place on a site or the provision of either new or refurbished commercial floor space.
- Regional area(s) to be covered by the project: All-Convergence
- Who will be the end beneficiaries?: Occupiers, Businesses, Employers and Employees
- Who will be involved in delivering the project?: DE&T staff within WAG; Local Authorities; and private sector, depending on the sites
- What might be the outputs (activity measures) of the project?: 20 - 55 hectares (50 - 135 acres) of net developable land brought forward for development. 10,000 sq m (107,640 sq ft) of refurbished or new commercial floor space.
- What might be the results of the project?: Commercial floor space created or refurbished. Enterprises accommodated / jobs accommodated
- What would the project's impact be?: The fund would provide a significant contribution to a more prosperous Welsh economy
- What is the project estimated cost?: £35,000,000