First cross-border 'powerhouse' the Western Gateway launches website and prospectus
Posted on Wednesday 26th February 2020
Newport is part of a new economic partnership across south Wales and western England that aims to boost local economies by working together.
The Western Gateway, launched by Cabinet Ministers in November 2019, is the UK's third powerhouse after the Northern Powerhouse and the Midlands Engine.
It is a partnership of eight strong cities alongside rural communities in a wide economic area.
The Western Gateway, however, goes one step further than the 'regional' powerhouses formed to date. The Western Gateway stretches across south Wales as well as western England so is cross-border.
All partners intend to focus on inclusive and clean economic growth, where scale and collaboration can achieve more for the people and the wider economies of countries involved than our constituent parts could achieve alone.
A new prospectus for the Western Gateway outlines the emerging vision and the key ambitions for the economic partnership. It has been developed through discussions between the partnership's local authorities, businesses, LEPs and city regions. It sets out the scale of the Western Gateway's ambitions and identifies the emerging strategic priorities of:
- connectivity
- innovation; and
- a co-ordinated international approach to trade and investment.
Delivering this vision will add more than £56bn to the UK economy by 2030 and help us achieve a net zero future.
Chair of the Western Gateway, Katherine Bennett CBE, said: "The proposal we've put on the table is one that will deliver the economic boost the region requires to maximise its potential. Our prospectus provides an insight into the journey we are undertaking together as a partnership of businesses and authorities, determined to deliver growth from Swansea to Swindon and Cheltenham to Weston."
Councillor Jane Mudd, Leader of Newport City Council, said: "Newport has an important and strategic role to play in such a partnership given our pivotal position in this powerhouse. There is strength in numbers and the Western Gateway will have significant influence on a national stage that can only benefit the regions and its participants."
The Western Gateway prospectus comes ahead of a full vision document for the partnership, following the completion of an Independent Economic Review later in 2020 that will provide an evidence base across the countries, area and regions of the partnership. Across Britain the economic map is being reshaped by devolution and regional powerhouses.
Visit and read our prospectus at www.western-gateway.co.uk