The Programme Management of the Cardiff Capital Region City Deal is to be centrally located in Rhondda Cynon Taf. The location of the City Deal Programme Offices in Treforest demonstrates how the £1.229Billion initiative is set to benefit the whole region of South Wales.
At the first Joint Cabinet of the ten local authorities which form the City Deal, it was formally agreed to locate these functions in Treforest. Leader of Rhondda Cynon Taf Council, Cllr Andrew Morgan, was also formally appointed as Chair of the Joint Cabinet at this morning’s inaugural meeting.
County Borough Councillor Andrew Morgan, Leader of Rhondda Cynon Taf County Borough Council and Chair of the Cardiff Capital Region City Deal (CCRCD) Joint Cabinet said:
“The decision to locate the Programme Management Offices for the City Deal in Treforest (RCT) is an important symbol of how this programme is about transforming and driving the economy of South Wales as a whole and not just Cardiff as the capital city.
“I remain hugely optimistic about the potential of the City Deal to transform the local economy of South East Wales; with the first Joint Cabinet meeting of the ten local authorities taking place this morning, we are demonstrating local government’s commitment to turn our ambitions for our local economy into a reality moving forward.”
The aims of the CCR City Deal is to create jobs and boost economic prosperity by improving productivity, tackle worklessness, build on foundations of innovation, invest in physical and digital infrastructure, provide support for business, and ensure that any economic benefits generated as a result are felt across the region.
The leaders of the ten local authorities within the CCR signed the City Deal on 1st March 2017, following universal support from all ten councils for the programme.
The City Deal includes funding of £734m for the South Wales Metro, of which over £500 million is provided by the Welsh Government.
The UK Government has provided a £375m contribution, and the ten local authorities have agreed a commitment to borrow a combined total of £120million as part of the Wider Investment Fund.