PORT Talbot’s leading political representatives, MP Hywel Francis and AM David Rees, have welcomed the news that Swansea University has secured the cash needed to fund its £200 million new campus within the constituency.
Building work on the 69-acre site, which is dedicated to science and innovation, will begin next year. About 4,000 jobs will be created during the construction phase with a further 6,000 jobs supported in the wider economy as a result.
Dr Francis said: “I was delighted to hear that Swansea University will receive £90 million funding towards its development.
“The expansion will include the construction of a new science and innovation campus within my Aberavon constituency which will create world-leading facilities for research, innovation and education, as well as promoting economic development in the region and the potential for thousands of jobs.”
Mr Rees added: ‘This is wonderful news for the Swansea Bay region. An economic study, conducted last year by the university, estimates that this project will not only create thousands of jobs but will also contribute more than £3 billion to the regional economy over the next 10 years.
“This project is set to be a global exemplar of research and manufacturing working together to produce bold and innovative benefits to the economy and region.”
The remaining £90 million needed was pledged on Wednesday. The European Investment Bank is providing £60 million, with £30 million coming from the Assembly government and Wales European Funding Office.