Crucial improvements to coastal flood defence barriers in North Wales are being supported thanks to a new investment from the National Wealth Fund.
The £92 million loan will support Denbighshire County Council’s restoration and enhancement of sea defences in neighbouring Rhyl and Prestatyn. The improvements will protect hundreds of businesses and homes from flooding as well as supporting growth in the construction industry.
The deal follows significant flooding in Rhyl and Prestatyn in recent years with the risk of further flooding likely to be exacerbated in the future as sea levels rise and extreme weather becomes more common due to climate change.
Welsh Secretary Jo Stevens said:
“This £92 million investment in Wales will build vital flood defences to protect people’s homes and businesses, and create jobs in the construction industry.
“The UK Government’s National Wealth Fund is driving our mission of economic growth here in Wales and across the UK and is already having an impact.”