A substantial funding boost from Magnox will help ensure that the Island can capitalise on proposed major energy projects.
The Nuclear Decommissioning Authority (NDA) – in partnership with Magnox – is working to mitigate the socio-economic impact of its work in the communities where it operates.
The Magnox socio-economic fund was set up to meet the socio-economic challenges facing Anglesey and Meirionnydd, as nuclear sites at Wylfa and Trawsfynydd are decommissioned.
The County Council has recently secured £100,000 from the Magnox fund to develop strategic infrastructure projects in Llangefni, Amlwch, Holyhead and surrounding areas.
The funding will help commission further studies linked to the Council’s Energy Island Programme, including the detailed design, preparation and submission of planning applications to de-risk the future development of key sites. It will also be used to identify and develop sites for marine related business and creation of masterplans to outline economic and employment opportunities that derive from the development of Wylfa Newydd.
Wylfa Site Director, Stuart Law said;
“This demonstrates Magnox’s commitment for a sustainable economy beyond the lifetime of Wylfa for staff and surrounding communities.”
Nuclear Decommissioning Authority Stakeholder Relations and Socio-economic Manager, Jonathan Jenkin, added, “This project forms part of a large package of NDA investment in North West Wales to help mitigate the socio-economic impact of decommissioning on communities in Anglesey and Meirionnydd.”
“Developing the strategic infrastructure in these areas will attract inward investment and generate new business opportunities on the Island while securing sustainable economic growth for the local and wider Welsh economy.”
The financial support further demonstrates Magnox and the NDA’s commitment to seeing the Island prosper and ensuring a diverse economy. Previous support from the NDA has already enabled projects to progress including the strategically important Llangefni Link Road that will complement new business sites and premises in Bryn Cefni Enterprise Zone 5, which will meet expected private sector demand.
Anglesey’s Head of Regulation and Economic Development, Dylan Williams, said;
“The funding support is very much welcomed. It will ensure that we are able to define projects, develop business cases and planning applications, which are of critical importance. With more well defined projects nearing implementation stage, we’re in a far stronger position to secure funding to ensure their delivery.”
Regulation and Economic Development portfolio holder, Councillor Richard Dew, added;
“Our vision is to maximise every single opportunity that stems from the Energy Island Programme on behalf of residents and businesses. This funding is a key aspect in helping the County Council to move a number of strategic infrastructure projects forward. Ensuring adequate provision of sites and premises will attract significant inward investment and help meet the needs of the Island’s growing business community.”