Jobs and growth
In this section
How will the well-being objective be financed?
Carmarthenshire’s spend per head of the population on economic development surpasses the average in Wales. Our 15-year regeneration plan will create over 5,000 jobs and exceed £250 million in investment over the next five years, including contributions from private sector partners. Regeneration of communities to stimulate the economy and create high-value jobs is the number one priority of the Council and will be a pivotal part of the county’s economic recovery plans.
As part of the Swansea Bay City Deal, we are the delivery lead for two high-profile projects in Carmarthenshire:
Phase one of the digital and creative hub based at the University of Wales Trinity Saint David’s Carmarthen campus has been delivered, with phase two currently in design. With a total cost of £25m (including £5m City Deal grant; £18.5m of public sector investment through the University, public agencies and Government grants; and £1.5m investment from private sector tenants), this will contribute to creating in excess of 200+ jobs over the next 15 years.
The Pentre Awel project will feature new business, research, education and health facilities, along with a state-of-the-art new leisure centre and swimming pool. Proposed for an 83-acre site in South Llanelli, Pentre Awel will be the first development of its scope and size in Wales. With a total project cost of £200m (including £40m City Deal grant, £51m of public sector investment through the Authority and £109m investment from private sector institutions), Pentre Awel will create 1800+ jobs over the next 15 years.
Additionally, we are the lead authority for the pan-region Digital Infrastructure and Skills and Talent projects. Together with the three other constituent Local Authorities within the Swansea Bay City Region, these projects will look to stimulate the economy and job creation by upgrading urban digital infrastructure and improving rural connectivity, as well as up-skilling and increasing educational opportunities for those within the region.