Welsh Labour’s Economy Minister Edwina Hart has announced the establishment of the Port Talbot Waterfront Enterprise Zone to help create economic growth and jobs for the area recently hit by steel job losses.
The Enterprise Zone status will offer financial incentives to companies based there, including tax and business rate breaks, and was one of the key actions to come out of the Tata Steel Task Force to help support the steel industry.
Port Talbot Waterfront is already well placed to become an Enterprise Zone because of its high skill levels, location, infrastructure, and connectivity.
The Enterprise Zone will be based around established and potential employment sites in the area which have significant capacity for supporting new businesses.
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