The Welsh Economy Research Unit predicted Swansea Bay Tidal Lagoon will generate £300 million in Wales, but is this still the case?
Their report by Professor Calvin Jones and Professor Max Munday estimates that the project will lever close to £300m of regional spending spread over a three year development period and could result in a total additional £454m of additional output in Wales.
In December 2014, the project was named in HM Treasury’s National Infrastructure Plan, the Welsh Government’s Wales National Infrastructure Plan, and European Commission President Jean-Claude Juncker’s investment plan.
With construction hoping to start late this year and the earliest connection and first generation into the Grid in 2019 what are the real benefits for the region.
When will the project commence? What are the timings and who will really benefit from one of Europe most ambitious engineering projects?
How many local jobs will be created? Will the project have a positive impact on the local population?
Do you have a view and would you like to contribute to our ongoing research? Get in contact today…