º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Economic Development

Cross-border Western Gateway Partnership facing loss of £1m core funding from the º£½ÇÊÓÆµ Government

The lose of funding would undermine the momentum built up by the partnership over the last four years and could even lead to questions over its viability

The Western Gateway Partnership is backed by stakeholders on both sides of the Severn Bridge.(Image: SWNS.com)

The cross-border Western Gateway Partnership, established to champion the economies and investment potential of south Wales and the west of England, is at risk of losing its core annual funding of £1m from the º£½ÇÊÓÆµ Government.

In Rachel Reeves' Budget it was announced - subject to consultation - that funding for all pan-regional partnerships should cease at the end of the current financial year. The consultation, conducted via a closes on Monday, with a final decision anticipated in January.

The partnership is supported by local authorities, city regions, businesses, and universities from Pembrokeshire to Swindon. It was set up four years ago, partly in response to the growing influence of the Northern Powerhouse, which advocates for greater investment in the north of England.

Since then the partnership has achieved notable successes, including securing £100m from the º£½ÇÊÓÆµ Government and private sector for the development of new nuclear technology under the Severn Edge initiative.

Additionally, it has established a 'super cluster' to explore the use of hydrogen to decarbonise industry. It has has also outlined a series of rail enhancement projects necessary to address decades of underinvestment by both Tory and Labour º£½ÇÊÓÆµ governments on both sides of the border.

These projects include electrification to Temple Meads station in Bristol, constructing new stations in south Wales, and bringing relief lines into use to enable more trains between between Bristol and Cardiff. However, funding for these projects will ultimately depend on the º£½ÇÊÓÆµ Government.

Earlier this year, the Western Gateway also established an independent commission to evaluate the potential for tidal renewable energy projects in the Severn Estuary, including a tidal barrage that could generate around 7% of the º£½ÇÊÓÆµ’s electricity needs. A barrage would also serve as a protective barrier against rising sea levels as a result of climate change. The commission’s work, supported by £150,000 in funding from the Crown Estate, is expected to deliver its recommendations to the partnership next spring

Alongside its core funding from the º£½ÇÊÓÆµ Government, the partnership has secured around £700,000 in investment and in-kind support this year from the private sector and local authorities. it doesn't receive funding from the Welsh Government.