THE North Wales Growth Deal has passed an important milestone.

This follows a joint session of the UK and Welsh Governments, the North Wales Economic Ambition Board and private sector partners.

Discussions, about priority projects, attempted to set a clear way forward for the deal and focussed on low carbon energy, digital connectivity, as well as land and property.

The meeting in Llandudno Junction identified the requirements needed to reach a ‘Heads of Terms Agreement’, which is the next stage of the growth deal process. Both the UK and Welsh Governments have agreed to provide £120m of funding for the deal, which is expected to bring in over £500m of private sector investment into the region.

Kevin Foster, UK Government Minister for Wales, said: “Discussions in both sessions were robust yet constructive, with both the private sector panel and ministers highlighting the significant amount of work that had been undertaken by the Economic Ambition Board and the commitment and unity demonstrated by the leaders.”

“The UK Government is committed to the North Wales Growth Deal and continues to work with companies and groups on the ground as they develop a bespoke deal which works for the whole of North Wales.”

Ken Skates, Welsh Government Economy and North Wales Minister, said: “The session was an important opportunity for both governments to hear from the private sector and the ambition board on the opportunities and challenges in delivering the North Wales Growth Deal.

“We continue to work in partnership across the region to support a transformative growth deal to get the direction right for North Wales and ensure the deal will deliver sustainable economic growth and improved way of life for future generations in the region.

"Our commitment to the growth deal is in addition to our programme of investments in North Wales."

Cllr Dyfrig Siencyn, chair of North Wales Economic Ambition Board, said: "We will continue to work together for the people and businesses of North Wales, with the joint aim of creating jobs, boosting the economy and delivering a Growth Deal that will have a positive and lasting impact for generations to come."

The partners will now work on the Heads of Terms Agreement which will outline the way forward for the North Wales Growth Deal