Cardiff unveils new economic development vision

Cardiff East is the focus of a new economic strategy to help regenerate an area of the city that has previously missed out on major investments.

According to the council, those living in communities in Cardiff East are over four times more likely to live in one of Wale’s most deprived areas compared with the national average with levels of unemployment a third higher than the rest of the city and

The new development will aim to address these issues by improving public transport infrastructure, improving connectivity and developing new green industries.

A new working group will be set up to steer the new strategy. This group will report to a Cabinet Sub-Committee responsible for developing a delivery strategy that considers land assembly and acquisitions.

Further consultation and stakeholder engagement will take place with local members on each individual project before determining detailed plans.

Cllr Russel Goodway, cabinet member for investment and development at Cardiff Council said: ‘It is clear that historically there has been under-investment in the east of the city.’

‘The new East Cardiff strategy intends to change this trend by setting out a vision to provide new jobs in the area and to improve the chances for local residents to access employment.’

‘We want to improve connections for people in the east to the rest of the city and beyond so they have a better chance of accessing jobs.’

‘Business development outside the newly proposed business park is also critical to the success of this strategy and we will be looking at options to support existing businesses.’

‘In this strategy, we are establishing a clear policy in support of ‘green’ energy initiatives. Given the existing industrial legacy of the area, energy proposals that cannon demonstrate strong green credentials will not be supported by the council.’

In related news, Cardiff based housing association Cadwyn is calling on Cardiff landlords to lease their houses with them to help those at most risk of losing their homes.

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