EU funding for Welsh logistics development

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The European Union is to provide £2.2m funding for the development of a £7m logistics hub near Holyhead in north Wales.

The money will be invested to drive forward plans led by developer Conygar for the first phase of the hub at Parc Cybi.

It will help provide two warehouses plus office buildings to support the development of the port of Holyhead as the UK’s main freight terminal serving Dublin and Ireland.

Welsh deputy minister for European programmes, Alun Davies said: “This strategically important site will act as a catalyst for future investment and jobs in the region’s economy. We are committed to developing the right infrastructure to encourage investors and enable businesses to grow. I am pleased we have been able to back this initiative with EU funding, providing a real boost to North West Wales.”

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The accommodation will complement plans to develop a lorry park opposite the site.

Conygar Director Peter Batchelor said: “Together with our own substantial investment, the EU funding will enable us to press ahead with confidence despite the difficult economic conditions.”

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