Life Science and Well-being Village business case
A detailed business case for Llanelli’s Life Science and Well-being Village has been approved in principle by Carmarthenshire County Council’s Executive Board.
Proposed for a site at Delta Lakes, the project is expected to create close to 2,000 jobs and give the local economy a £467million boost.
Along with a number of other projects across South West Wales, the Village is due to be part-funded by the £1.3billion Swansea Bay City Deal, subject to the approval of a business case by the UK and Welsh governments.
But in light of recent events, Executive Board members at the council agreed that before they give final approval they want to have reassurance that all due legal process has been followed.
Officers at the council have also been asked to explore a potential alternative delivery model for the Village.
Cllr Emlyn Dole, Carmarthenshire County Council Leader, said: “Executive Board members are satisfied that the project business case for the Village is robust, but we need some further reassurance before finally signing it off. Given the ongoing internal investigation at Swansea University, this is the right and prudent thing to do because we need to show that due legal process has been followed and public funds have been fully protected.
“Once we get these final independent reassurances then the business case will be forwarded to the UK Government and Welsh Government for approval, enabling the release of City Deal funds that will contribute towards the overall project costs.
“Officers have also been instructed to explore an alternative way of delivering the Village project, should the need arise. This is further evidence of our continuing commitment to deliver this transformational project for the benefit of people in Llanelli, Carmarthenshire and South West Wales as a whole.”
As well as an Institute of Life Science, a Community Health Hub facility at the Village is set to include a Wellness Education Centre and a Clinical Delivery Centre.
A state-of-the-art leisure centre, assisted living accommodation and a wellness hotel are also planned for the Village, along with landscaped outdoor spaces for recreation.
Bernie Rees, Chair, and Steve Moore, Chief Executive, of Hywel Dda University Health Board, said: “We welcome the ongoing commitment to delivering improved health and wellbeing facilities for the population of Llanelli and West Wales as well as the thorough scrutiny and assurance process which the local authority has committed to.”
Professor Medwin Hughes, Vice Chancellor of University of Wales Trinity Saint David’s, said: “UWTSD reaffirms the importance of this key project for the region and within a restructured initiative, would welcome the opportunity of furthering transformational change for the Swansea Bay City Region.”