CBI responds to Wales freeports announcement

Ian Price, Director, CBI Wales, said:

“The announcement of freeports for Milford Haven, Neath Port Talbot, and Anglesey, are a double boost for the economies and communities in both north and south Wales.

“Increasing global inward investment will make a significant difference to Milford Haven, Port Talbot and Anglesey. It means local businesses can better scale-up supply chains, as well as retraining and upskilling workers from existing industries for the renewables sector.

“By working together, the Welsh and UK governments can provide a competitive package of targeted support to draw in world leading firms, which will drive up regional employment in resilient, future focused industries.

“All three areas are geographically well-placed to capitalise on the Crown Estate’s new licences for Celtic Sea floating offshore windfarm projects. The Anglesey Freeport will also be of huge benefit to businesses in north Wales and north west England.”