Wales was the cradle of the first industrial revolution and now we can be the cradle of the green industrial revolution.

The Celtic Freeport would be the launch pad for Floating Off-shore Wind, bringing £5.5bn local investment, 16,000 high-skill jobs, bring down household energy bills & support green steelmaking.

“The decision that the two Governments are set to make on the location of the Welsh freeport is right at the heart of the debate about what a future British economy will look like and of the ambition that the Government have for Britain in the world. It is clear that by backing the Celtic Freeport bid, both Governments would be sending a clear signal that they are not looking backwards or simply managing decline by seeking to make up a bit of missing post-Brexit trade here or restoring a bit of pre-covid demand there; rather, it would show that Britain is truly ready to become a world leader in the green industries of the future.

The Celtic freeport, situated in the ports of Port Talbot and Milford Haven, would bring with it initial business rates exemptions, capital investment exemptions and seed funding that would drive £5.5 billion of inward investment into the local economy. Perhaps even more importantly, it has the potential to bring £54 billion into the supply chain of the vital new renewable technology of floating offshore wind.

The Celtic freeport would sit at the heart of the emerging green ecosystem in south Wales, which is set to play a central part in providing the green, competitive and secure energy supply our country is crying out for. South Wales was the cradle of the first industrial revolution, and we can now be the cradle of the green industrial revolution. The Celtic freeport can drive forward the green technology that will power our domestic, sovereign and sustainable energy supply, drive down household energy bills, support green steel making and, of course, create up to 16,000 new local jobs. The new technology at the heart of this green manufacturing revolution will be floating offshore wind”.

See the full speech I made above.

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