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26 October 2017

UK Government budget must address Swansea Tidal Lagoon

FSB Wales has called for the UK Government to address the Swansea Bay Tidal Lagoon in the budget and to end the uncertainty hanging over the project by giving it the green light.

Janet Jones, FSB Wales Policy Chair, said:

“With the Autumn Budget coming up next month, it is critical that the Chancellor commit to projects across the whole of the UK, and to look at how investment in Wales will shore up business confidence at a time when uncertainty prevails.

“The Swansea Bay Tidal Lagoon has widespread support from businesses, holds regenerative potential for the region, and has supply chain opportunities for small businesses across South West Wales.

“Now that electrification of the railway will not cover Swansea, it becomes even more important for the Chancellor to provide a boost to businesses by affirming the UK Government’s commitment to investing in Wales, and particularly with regards to the Tidal Lagoon, recognising that investment must take place further west than Cardiff.

"We are calling on the Chancellor to end the uncertainty over this issue and to give a firm commitment to the Swansea Bay Tidal Lagoon in the Autumn Budget.”