The Wrexham Gateway Project could be in line for a £4.79 million pound funding boost after being invited to join the North Wales Growth Deal portfolio after members of the North Wales Ambition Board supported a recommendation to invite five new projects.
Subject to agreement of certain conditions, each project will now go on to develop an outline business case.
What is the Wrexham Gateway Project
The Wrexham Gateway Project aims to regenerate key sites and transport infrastructure around Mold Road – a key corridor into the city.
It includes improvements to rail, bus and car travel connectivity, new hotel and conference facilities, office space, and improvements to the Racecourse stadium that will allow international football to return to North Wales.
The North Wales Growth Deal is a £1billion Investment to the region, £240m of which has been funded by both Welsh and UK Governments. New projects included in the latest round have been awarded a provisional allocation of Growth Deal capital funding subject to the approval of their business case.
Cllr Mark Pritchard, Leader of the Council, said, “This is very exciting news and we are grateful to the North Wales Ambition Board for their support. We have committed to securing investment sources for this ambitious programme of works and we are now a little closer to our goals.
“I would like to thank everyone involved in securing the progress to date.”
Cllr Nigel Williams, Lead Member for Economy and Regeneration, said, “It’s certainly an exciting time for Wrexham and the plans we and our partners have has the potential to transform the Gateway to Wrexham. They will also see a boost towards employment and skills for local communities.
“We now look forward to working with our partners to produce an outline business plan that will show how the project will be delivered sustainably and within the budget”