The leader of Swansea Council says the planned tidal lagoon "will put Swansea at the heart of global innovation".
Harnessing marine energy in this imaginative way could soon make Swansea a global example of innovative and sustainable best practice. This could well spark similar schemes across the world in future as other cities and countries follow in Swansea’s footsteps.
The construction of the tidal lagoon would also be a major boost to the local economy. Not only will it open up new jobs and generate more trade for existing local businesses, but the inclusion of facilities for cycling, walking, angling, running, rowing and sailing will generate recreational benefits for local people and further boost a tourism industry that’s already worth over £360 million a year to the local area. It’ll also lead to a new industry right on our doorstep that could potentially create a new export market in Swansea.
Around 1,850 construction jobs could be created by the tidal lagoon project, which could operate from 2018.
The chief executive of the company behind the planned Swansea Bay tidal lagoon says Wales can now lead the "climate change revolution".
Through a single project, we have the opportunity to create a whole new industry. And in a single step, that project can take us to low-cost, renewable energy on a nuclear scale.
We see it as a game-changer, a scalable blueprint, paving the way for a fleet of lagoons that can work in harmony with nature to help secure the nation's electricity for generations to come.
Mr Shorrock added that the local community and people across the country will be offered the chance to part-own the lagoon.
Plans for the world’s first tidal lagoon power plant at Swansea Bay have been given the go-ahead.
The £1bn project has a design life of 120 years and a net annual power output of over 500 GWh - enough to meet the annual electricity requirement of over 155,000 homes.
The food and drink industry is Wales’ biggest employer - but as supermarkets slash contracts and spark widespread redundancies, what can be done to boost Brand Wales?
Wales This Week "Food For Thought" is now available to watch online at itv.com/walesprogrammes
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The Welsh Secretary has invited the leaders of ten councils to talks aimed at taking advantage of the UK Government City Deal scheme.
In England, a number of regions led by major cities have been able to reach deals that see them gaining access to central and local investment as well as more power over their own affairs and more power to boost the economies in their areas. It's more complicated in Wales because local government is devolved to the Welsh Government.
The authorities invited to the meeting on Thursday are Cardiff, Blaenau Gwent, Bridgend, Caerphilly, Merthyr Tydfil, Monmouthshire, Newport, Rhondda Cynon Taf, Torfaen and Vale of Glamorgan.
Cardiff is Europe's youngest capital city, a vibrant place which, once a cradle of the industrial revolution, is now creating an exciting future as a place to invest. It has already benefitted from 21st century digital infrastructure like the Cardiff Internet Exchange - a great example of Government, business and local partners working together. It is my hope that we can take forward the Cardiff City Deal in this way - but on a scale that will benefit not only people in Cardiff, but across the capital region.
The recovery is gathering pace right across Wales and in Cardiff we have a unique opportunity. The task now is to bring together the private sector, the Welsh Government and those councils which make up the Cardiff Capital Region.
Across the UK, City Deals are delivering major investment, clearing the way for new infrastructure projects and setting a clear strategic vision for growth. I don't want to see Wales being left behind.
The Welsh Government says Wales is punching above its weight in the digital sector.
It says, between 2010 and 2013, digital start ups grew by 87% above the UK average of 53%.
Today more then 2,00 people will gather for the Digital 2015 conference. Speakers from Google, Microsoft and Airbus are attending.
Wales is punching above its weight on the world stage in terms of digital innovation, and I look forward to welcoming the key digital leaders innovators and influencers from the national technology scene to Wales.
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People across Wales are encouraged to celebrate the businesses and individuals which make the biggest contribution to their local high streets by nominating them for a new national award.
The High Street Heroes awards are part of the Support Your High Street campaign, which showcases shops and services available on Wales’ high streets and town centres.
Businesses and services can be nominated in one or more of six categories: food & drink; fashion, health & beauty; leisure, home & garden; professional & financial services; eating out on the high street; and community service provider.
People are also encouraged to nominate their overall High Street Hero – an individual deserving recognition for their outstanding contribution to their local high street and community.
“High streets are the heart of our local communities. They offer access to vital services, support our economy and provide opportunities for people to come together to socialise. Our High Street Heroes awards recognise the hard work and dedication of people and businesses up and down the country which are providing high-quality services and boosting their local communities."
Voting for the High Street Heroes awards is online via the Support Your High Street Facebook page and entries close on 10 August 2015.
A shortlist of Heroes from across Wales will be reviewed by a panel of judges, who will select the overall High Street Hero winner, with the winners in the business categories decided by popular vote.
The winners will be announced during High Street Week, which is taking place 19-26 September 2015.
“High streets are at the heart of our communities, providing essential local services and creating valuable local employment. At FSB Wales we know there are some really great businesses based on our high streets, and we hope these awards will highlight some of the excellent businesses out there and the exceptional service they provide. There are special businesses in every town and we would urge everyone to support their local high streets and local traders.”
Plans are approved for a new "Wales International Convention Centre" at the Celtic Manor Resort - with a promise of 250 jobs.Read the full story ›