Welsh tourism destination Bluestone will look to capitalise on UK Government trade and investment support as it makes plans to extend Welsh footprint with the development of a new luxury 5-star resort on Anglesey.
The announcement comes as the Secretary of State for Wales Alun Cairns attends the third Board of Trade meeting in Stirling on Thursday (17 May), convened to help boost exports, attract inward investors and ensure the benefits of free trade are spread equally across the country.
At the meeting, the UK Government’s International Trade Secretary Dr Liam Fox will launch a new drive to attract foreign investment into the UK at a meeting of the Board of Trade in Stirling.
The Department for International Trade (DIT) is promoting 68 UK investment projects worth more than £30 billion to overseas investors. With more to be added over the coming months, the projects will also be promoted through a revamped online one stop shop for potential investors: invest.great.gov.uk.
One of the projects being promoted is Bluestone Holy Island Resort Ynys Mon on Anglesey. Bluestone has struck a deal with property development firm Land and Lakes to acquire 200 acres of land on the Penrhos Estate.,
The project that is expected to attract around 200,000 visitors a year, has a GDV of £105m and will create 900 jobs once operational and an estimated 600 during its construction.
Secretary of State for Wales Alun Cairns said: “Bluestone’s venture in North Wales is just one of the many projects being primed for international investment here in Wales. And the UK Government is wholly commitment to creating the conditions to make these deals happen.
“The initiatives we are launching today show how we will continue to work on behalf of every hardworking business in the UK to drum up trade, encourage international investment and pave the way for growth which generates jobs, security and a more prosperous Wales in the future.”