Vale council's bid for Assisted Area status
12:02pm Wednesday 2nd October 2013 in News
THE Vale of Glamorgan Council has submitted a bid to the UK Government to request parts of the county be granted Assisted Area status. If the case is approved, this could attract future business investment in the area helping to create local jobs.
The UK Government is currently consulting on the new version of the Assisted Areas map which identifies parts of the country where businesses can receive financial assistance in exchange for creating jobs in that area.
Currently, there are no areas in the Vale which qualify, however the Vale council has made a case that large parts of the county be included from 2014 when the new Assisted Areas map is published.
The Vale council’s cabinet member for regeneration, Cllr Lis Burnett said: "Since the map was last published for 2007, the St Athan – Cardiff Airport Enterprise Zone has changed the economic landscape. With public ownership of these sites there is potential to develop innovative means of attracting new businesses to the area. Gaining Assisted Area status would encourage businesses to invest in the Vale with the incentive of support to enable business growth, which in turn would lead to more local jobs.
"We've made a robust case for the broader benefits of including Cardiff Airport together with the land at St Athan, along with neighbouring areas such as Barry in the new Assisted Area status map, as these are areas where the private sector can play an increasingly important role in regeneration."