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Brexit “will not hamper” Swansea redevelopment plans says council leader

Brexit “will not hamper” Swansea redevelopment plans says council leader

Hannah McCartan
14th September 2016

Swansea councillor Rob Stewart has said that he does not expect funding for the planned £500m revamp of Swansea City Centre to be an issue, despite Brexit.  He is also confident that it will not affect Swansea University’s role over the research element of the aquarium.

Stewart said, “None of the funding we [the council] are looking at is coming directly from Europe. The thing that could affect it is the level of uncertainty over Brexit but we don’t see a significant impact from that at present. There’s still a significant amount of interest in Swansea.”

The scope of the project is huge, and will take place on the site of the former St David’s shopping centre, the Civic Centre, and the land beside the LC2. It is still in the early stages of development, but includes a plan to build a café quarter, retail units for well-known stores, some of which are not currently in the UK, and a high rise building housing a hotel and flats that could become the tallest building in Wales.

Source: Wales Online

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