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News Release

Cardiff

Boost to Swansea Bay Tidal Lagoon welcome news for Wales, says JLL in response to today’s Budget announcement


​Cardiff, 18 March 2015 - Reacting to today's Budget announcement, Chris Sutton, lead director at property consultants JLL in Cardiff, commented:

"We welcome news that the Swansea Bay Tidal Lagoon has been given the boost it needs to progress to the next stage. South West Wales has the opportunity to become a hub for this growth industry and resultant supply chain."

"There are clearly sensitivities to be addressed surrounding both the environmental impact of the lagoon and the resulting strike price of electricity, however, it is good to see that the Government is open to new, innovative technologies that will attract businesses into Wales and in turn, provide a welcome injection into the local economy."