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Tech Valleys: Concerns raised over funding to deliver major project

09 Mar 2022 3 minute read
Cllr Jonathan Millard and Cllr John C Morgan

Elgan Hearn, local democracy reporter 

Concerns have been raised around whether the funding needed to deliver a major project in Ebbw Vale is in place.

At a meeting of Blaenau Gwent County Borough Council’s budget monitoring committee on Monday, March 7, the viability of a project to build business units at Lime Avenue was brought up for discussion.

Only last week, a planning application by CRT property investments, to create 4,065 square metres of space in five buildings on land off the southern end of Lime Avenue was approved by the council’s planning committee.

The issue was brought up for discussion during an item which monitors the financial position of the council’s building programme.

The report for the position at the end of December shows that the Lime Avenue Business Park has cost £185,000 more than expected.

According to the report this is due to “unforeseen issues” with the Covid-19 pandemic.

Cllr Jonathan Millard asked whether the losses covered the existing units at the site or the new proposals.

Head of regeneration Ellie Fry said that the council was not involved in the new proposal but had dealt with the planning application.

Cllr Millard said: “Who is funding that building as we want to make sure that it’s going ahead?”

Ms Fry said: “I believe it’s the applicant and Welsh Government who are funding that, they have five years to build it.”

Cllr Phil Edwards said: “There are rumours that Tech Valley have pulled their funding out of this, is that correct?”

Ms Fry said that Tech Valley would not fund the new application at Lime Avenue as it is for bigger business units, not start-up units.

‘Up to the applicant’ 

Ms Fry said: “It’s up to the applicant to speak to the Welsh Government as to what funding they could get for it.

“There’s funding for development out there, maybe the applicant needs to speak to a different part of Welsh Government, that’s all.

“I know that next year’s Welsh Government funding will be difficult, but I’ve not heard anything or specific figures for Tech Valleys.”

Cllr Morgan said: “Rumours are out there and how many other projects could be affected by loss of money.”

Cllr Morgan pointed out that the portfolio holder for regeneration and economic development, Cllr Dai Davies, and the Blaenau Gwent director for environment and regeneration, Richard Crook, both sit on the Tech Valleys board.

“They are bound to have some information and we need to know as a matter of urgency,” said Cllr Morgan.

Committee chairman, Cllr Stewart Healy said that speak to Cllr Davies on the matter.

Over ten years Tech Valleys is expected to create at least 1,500 jobs, predominantly in new technologies and advanced manufacturing with Ebbw Vale at the heart of this.

By 2027 it is expected that the Welsh Government will have pumped in £100 million into the scheme.


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Rhosddu
Rhosddu
5 months ago

Looks like the Go Compare man.

Cwm Rhondda
Cwm Rhondda
4 months ago

Surely the Blaenau Gwent Brexiters have had enough infrastructure development in recent years. There are other locations in Wales which would welcome a tech based development.

defaid
defaid
4 months ago
Reply to  Cwm Rhondda

Especially one into which £66,667 had been invested per new job.

Morris Dean
Morris Dean
4 months ago
Reply to  Cwm Rhondda

Punishing voters for their anger in a one-off poll is unlikely to be strategically savvy in improving well being locally or across Wales

Cwm Rhondda
Cwm Rhondda
4 months ago
Reply to  Morris Dean

Anger? The facts are that Blaenau Gwent has received significantly more infrastructure investment than other areas of the south Wales valleys. To continue to pour money into Blaenau Gwent merely because there is land available on the site of the former steel works lacks a strategic vision. Strategically speaking improving communications and establishing tech industry hubs in other parts of Wales would be of more benefit to the Welsh economy.

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