A one-off economic development fund will be used to kick start the next wave of regeneration in Newport and promote the city locally, regionally and nationally as part of the council’s ambition to grow Newport’s economy.
Council leader Councillor Dimitri Batrouni has announced a further £500,000 towards economic development in the city.
Some of it will be used to recruit a specialist with commercial expertise, for a fixed term, to drive forward regeneration plans for the city centre and showcase investment opportunities in Newport.
Councillor James Clarke, cabinet member for regeneration and economic growth, said:
“The investment will secure the skills and knowledge needed to make sure we can target the investment we need to ensure that the city’s regeneration reaches its potential.
“We know that there are great opportunities for businesses to grow and thrive here and we are already receiving a lot of interest. But our ambition is to attract even more that can enhance the local economy and create employment.
“Newport has lots to offer and we need to be proudly shouting about those assets, our ambitions and its exciting future not just to external audiences but also those within our city.”
