North Wales to receive £30mn manufacturing institute
Deeside, north Wales, may soon be gaining a new £30mn (US$40.5mn) advanced manufacturing institute following the recent submission of plans.
The Welsh government has received the proposal for the Advanced Manufacturing & Research Institute, to be located in the Deeside Industrial Estate.
It is expected that the facility could feed £50mn ($67.58mn) back into the economy, as well as creating 170 direct jobs.
The government has voiced that it hopes the facility will maximise the role of the industrial estate in the nation’s northern powerhouse.
The government will own the centre, and will offer it for use to different tenants, with Airbus confirmed as the first anchor tenant.
“The facility is a significant opportunity to grow the advanced manufacturing sector within the area, retaining and attracting investment from existing and future high profile companies,” read documents submitted by the government.
“And in doing so it will help further the position of Deeside Enterprise Zone as an important employment area within the wider Northern Powerhouse Region.”
“As a result, this would help leverage additional collaboration opportunities between companies in North Wales and the North of England and create a larger more resilient economy.”