Cabinet discuss Swansea inward investment report

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The Councils Cabinet at its meeting on the 26 August discussed the scrutiny report and recommendations resulting from the recent inquiry into inward investment in the region.

The Inquiry found that Swansea has many assets that could potentially encourage investment to the area like, for example, superfast Broadband, good transport links, relatively low property and rental costs, a large ready loyal labour force and facilities for training, research and development through our Universities and colleges locally.  However, it highlighted that work needs to be done to pro actively encourage investment and currently the resources to do so are limited, recognising that potentially this could be addressed through the new City Regions Strategy.  The Panel believe that we need to work more with other organisations and local business to increase our resource and skills base in order be able to have a wider reach.

Cabinet thanked the scrutiny panel for their work and said that they will consider it carefully and put a together a formal response which will be reported back to Cabinet in the near future.

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