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More cash needed from UK Government after Wylfa project suspended, says Economy Secretary

Concerns have been raised that there could be an impact on a major growth project for the region because of the suspension of the scheme. Credit: ITV Cymru Wales

More investment is needed from the UK Government in the wake of the decision to suspend the multi-billion pound Wylfa B project according to Economy Secretary, Ken Skates.

Business leaders and politicians have been at an emergency meeting on Anglesey after Wylfa B power station plans were scrapped on Thursday.

Concerns have been raised that there could be an impact on a major growth project for the region because of the suspension of the scheme.

Business leaders and politicians have been at an emergency meeting on Anglesey today. Credit: ITV Wales

Speaking at the emergency meeting, Mr Skates told delegates at the event in Llangefni that the Welsh Government was willing to contribute more finance to a growth deal for north Wales but he wanted the UK government to increase its support too.

Before Christmas Welsh Government said that it wanted to contribute more to the North Wales Growth Deal to drive the industries of tomorrow to make sure people are skilled up in the right areas of economic activity. But we said that we would contribute on the basis of UK Government increasing its support. We know look at the UK Government to do exactly that and to increase from £120million, the amount it's willing to contribute, to the North Wales Growth Deal.

– Ken Skates, Economy Secretary

The North Wales Economic Ambition Board said it's looking at additional support and funding opportunities following the decision to suspend the project.

They said: "The Board fully supports the development of a new nuclear power station at Wylfa on Anglesey and the economic benefits this will deliver for the entire region. We are committed to building on the close working relationships already established with the UK and Welsh Governments, the private sector and Horizon Nuclear Power, and together are exploring next steps and the best way forward. The Board would like to make it clear the decision to suspend work on Wylfa Newydd will in no way impact on any projects in the North Wales Growth Deal. Those projects stand alone with approved business cases and will be crucial to the further economic prosperity of the area. We will now enter into further discussions with the UK and Welsh Governments to look at additional support and funding opportunities in light of this decision."