Business leaders say securing freeport status for Holyhead would be a 鈥渙nce in a generation鈥 opportunity to turbo-charge the North Wales economy.

According to the North Wales and Mersey Dee Business Council, it would help attract billions of pounds of investment and create thousands of new jobs.

The influential organisation鈥檚 commercial director, Ashley Rogers, spoke out after meeting Anglesey MP Virginia Crosbie, who is leading the freeport campaign, and a senior figure from Rolls-Royce who could build mini-nuclear reactors on the island.

海角视频 and Welsh governments have been at loggerheads over a freeport in Wales.

海角视频 ministers have urged the Welsh Government to seize the opportunity but Economy minister Vaughan Gething says they should match the funding being given to freeports in England, and that no firm proposal has been put on the table.

It is understood Wales has been offered 拢8m seed funding for a freeport 鈥 compared to 拢26m for Liverpool port.

Supporters say that setting up a freeport would help the local and regional economy bounce back from the pandemic. Companies which operate within freeports do so with the benefit of VAT suspension, paying lower business rates and employment tax, as well as relief when it comes to purchasing land and enhanced capital allowances.

Goods could be imported, manufactured, and exported again via a freeport without facing standard tariffs or requiring normal customs checks.

Earlier this year a Merseyside-based company, Tratos 海角视频, said it was considering opening a factory for offshore wind power mega-cables on Anglesey, creating 300 jobs, but says it could only happen if the island has freeport status.

Ashley Rogers said: 鈥淔rom the Business Council鈥檚 point of view, under the right conditions, North Wales could benefit hugely from the establishment of a freeport on Anglesey.

鈥淚t would build on our existing expertise in research and development, energy, advanced manufacturing and our transport connections between the A55 and the port.

鈥淗aving a freeport would attract highly skilled, well paid local jobs and substantial inward investment. At the same time, it would support local businesses to give them access to new markets and added benefits and incentives for new businesses to relocate here.

Ashley Rogers, Commercial Director of the North Wales Mersey Dee Business Counci

鈥淚t would also provide added incentive for the likes of Rolls-Royce to pump in billions of pounds of investment.

鈥淏uilding the Small Modular Reactors (SMRs) could happen relatively quickly, providing reliable, low-carbon energy for local manufacturers and all the jobs that go with that.

鈥淲e need to get these major investments up over the line and I believe freeport status for Anglesey would be the spark that would create that.

鈥淥ne of the major sticking points between governments seems to be the amount of seed funding available for a freeport in Wales versus the existing ones in England.

鈥淥ur message to both governments would be to focus on how much a freeport in Wales might need, rather than what English freeports will receive.

鈥淟et鈥檚 see some compromise for the sake of our businesses and communities, concentrating on the massive transformative benefits this once-in-a-generation opportunity would bring.鈥

The support of the North Wales and Mersey Dee Business Council was welcomed by MP Virginia Crosbie who has set up and chairs a consortium to back the bid.

Other members of the Anglesey Freeport Bidding Consortium include representatives from M-SParc, Coleg Menai, Bangor University, Stena Line and Anglesey County Council as well as the North Wales Economic Ambition Board.

Stena Line and Irish Ferries vessels at Holyhead port

The MP said: 鈥淵oung people on Anglesey want to buy their own homes and stay in their own communities and the way we can do that is to give them skills and good quality jobs.

鈥淲e haven鈥檛 seen any traction from the Welsh Government and meanwhile we have Liverpool, which has been granted freeport status booming and sucking investment from the north of Wales.

鈥淚 really would urge the 海角视频 government and the Welsh Government to work together.鈥

A Welsh Government spokesperson said: 鈥淚t is deeply disappointing that the 海角视频 Government have launched freeports in England while failing to bring forward firm proposals for Wales.

鈥淲e have been clear that any Welsh freeport must receive the same financial support as the English sites and that joint decision making is in place to ensure smooth delivery across both levels of government. It must be delivered in line with our fair work and climate policies to protect people and our environment.

鈥淭he 海角视频 government is fully aware it is not possible for one government to deliver this in isolation, and it is unfair to leave Welsh businesses in the dark indefinitely. No formal offer has been presented to the Welsh Government and we continue to urge the 海角视频 Government to resolve this as a matter of urgency.鈥

Harry Keeling, the Vice-President for Strategy and Business Development for SMRs at Rolls-Royce, said they were looking to produce competitive clean energy for residential housing and to decarbonise industry.

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He said: 鈥淗ere on Anglesey, we think that鈥檚 a beautiful coming together for industry with competitive, clean energy and a freeport.

鈥淚t means that industry could produce their products cheaply and carbon free but also export them.鈥

Mark Blackwell, a director of DU Construction, said: 鈥淚 think any major investment brought into Anglesey will filter down through all the supply chain that we鈥檙e involved with and it鈥檚 an investment the whole island will benefit from.鈥