Cardiff Capital Region (CCR) update

Dec 16, 2022

Inaugural annual report from the CCR

The CCR has published its first Annual Report, covering the financial year April 2021 to March 2022, detailing the progress made in committing £252m Wider Investment Funds – through 16 pioneering investments across Innovation, Infrastructure, Skills and Challenge.

Titled ‘Building Momentum’, the Report details the UK Government commitment to unlocking a further five years of funding following a successful Gateway Review.

Kellie Beirne, Chief Executive of CCR, summarised the progress made in a milestone year:

“The twelve months spanning our 2021/2022 financial year were something of a ‘launchpad’ – putting the pillars in place to seed, secure and mobilise a range of long-term impactful funds, programmes and partnerships that we believe present the best prospects for sustainable growth, right across our Region. With that foundation now in place, we’re looking forward to progressing in line with our ‘Five for Five’ strategic business plan – to achieve Energy Security, a new legal Corporate Entity, Scaling Up, Levelling Up and an intensified focus on R&D – through 2021-2026.”

View the CCR annual report on their website.

Unleash 2023

Unleash 2023 will be a conference like no other, where the CCR will be creating a safe space for at least 300 local SMEs to come together and join forces, to engage, learn and more importantly facilitate growth and scale up their businesses. The conference will provide an environment that will allow relationships to develop organically, where ideas can be put to the test, but more importantly to explore potential funding and support opportunities.

A dedicated website will be created over the next few weeks to give partners an opportunity to showcase their activity and engage. This will allow pre-event engagement to occur resulting in maximum impact on the day.

If you would like to be part of this new chapter, creating the solutions, supporting growth and unlocking the regions potential, there are a range of sponsorship opportunities available.

Click on the flyer for further details of the Unleash 2023 sponsorship opportunities.

Unleash 2023 – Sponsorship Brochure

If this opportunity isn’t right for you, please share around your networks and keep a look out for the release of the delegate tickets.

Other recent developments

Cardiff Capital Region’s Strategic Premises Fund has secured its first landmark investment, helping drive the next stage of growth for Pulse Plastics Limited by funding their relocation to a 38,000 square foot industrial unit on the Rassau Industrial Estate in Ebbw Vale.

Read more about the Strategic Premises Fund investment in Ebbw Vale

October’s launch of Media Cymru at the National Museum in Cardiff gave birth to a five-year programme focused on creating a hub of innovation in the creative sector across the region. Led by Cardiff University, the ground-breaking Media Cymru strategic investment programme brings together 23 media production, broadcast, technology, university, and local leadership partners.

Read more about the Media Cymru consortium.

Finally, the Innovation Investment Capital fund (IIC) was also launched last month at an event at the Principality Stadium in Cardiff.   The IIC is a £50 million fund of long-term investment to catalyse growth and innovation in businesses in the CCR.

Read about the launch of the IIC.

Regional Skills Partnership (RSP) Skills Plan launch

The new 3-year employment & skills plan for the region, ‘Prosperity Through Partnership’, was launched on the 23 November at an event in the Mercure Hotel, Newport.

Vaughan Gething MSP, Minister of the Economy, provided the keynote address at the launch, expressing the importance of collaborative working to make progress and deliver against the actions in the new three-year plan. Cllr Jane Mudd, Leader of Newport City Council outlined how ‘Prosperity Through Partnership’ will deliver its aims for the whole region, addressing priority sector needs and overcoming barriers to growth.  The event also included a discussion panel featuring Mark Owen from Careers Wales, Coleg Gwent’s Guy Lacey, Lisa Myttin of the National Training Federation Wales (NTFW), Deri Bevan from Wales TUC and Lynette Thomas from the Open University.

SE RET will share the live weblink to the new plan as soon as it is available.