CCR is a programme to drive and support economic activity and provide high quality employment and skills development for people living in South East Wales
The Cardiff Capital Region (CCR) City Deal is an economic development programme that was agreed in 2017 between the UK Government, the Welsh Government and the ten local authorities in South East Wales to bring about significant economic growth in the region through investment, upskilling, and improved physical and digital connectivity. In order to efficiently deliver this vision, the ten local authorities have set up a joint committee, known as the CCR Cabinet. The cabinet, which comprises the Leaders of the ten participating local authorities, is the ultimate decision-making body for the City Deal. This cabinet is supported by a number of advisory bodies.
Both the UK and Welsh Government are contributing £500 million to the Capital City Region Investment Fund respectively, while the ten local authorities will contribute a minimum of £120 million over the 20-year duration of the Fund. It is agreed that £734m of the investment will fund the proposed Metro network for South East Wales. The City Deal is building on the region’s sectoral strengths, its current skills base and three successful universities, creating a new regional and placed way of working in South East Wales, developing a region where people want to live and work.
With a total investment around £1.2 billion (over 20 years) the programme aims to deliver up to 25,000 new jobs and leverage an additional £4 billion of private sector investment.
The UK Government, Welsh Government and private sector fund the CCR programme. There is a small CCR executive and management team supporting project governance and delivery. The Welsh Government South East regional team has regular engagement supporting project delivery and strategic meetings.
Evidence of success
• Significant relationship building and coordination with stakeholders across the region has taken place and there are a range of significant economic projects either underway or in development.
• The CCR Cabinet has been established and is operational. The cabinet which comprises the Leaders of the ten participating local authorities, is the ultimate decision-making body for the City Deal.
• Development of the Compound Semiconductor ecosystem in South East Wales
Potential for learning or transfer
The City Deals programme are a relatively new economic development initiative introduced by the current UK Government. It is currently unknown if this type of programme is used widely in the EU if at all. This initiative may be useful for the other Cohes3ion partners to consider and maybe suitable to provide a mechanism for funding projects in their particular regions.
They have been developed to provide funding to support and drive economic development projects in areas that need support. In Wales the CCR is a positive example of regional working with multi-level Governmental hierarchy to achieve an economic output – this includes key stakeholders including Welsh Government, UK Government, CCR Board, Business and 10 local authorities. The programme also is reflective of priorities contained in the Welsh Government Economic Action Plan.