The scheme includes a 3,500-capacity arena, coastal park, digital plaza, a new pedestrian bridge, new homes and premises for retail, food and drink.
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‘We’ll only go ahead if we know there is an appetite in Swansea for us to offer this service.’
The government say the fund will frame the ‘reciprocal relationship between Government and business and drive public investment with a social purpose.’
‘This report demonstrates what is possible given a bold and imaginative approach to our history and our heritage assets.’
‘A decade of austerity has left the financial model which underpins culture in British cities creaking at the seams.’
‘There’s a litany of failure between local authorities and the private sector around financing.’
‘We urge politicians in Cardiff Bay and Westminster to work with businesses to redesign the job and housing markets.’
Creating a better evidence base and seeking out ‘unusual friends’ are two ways to transform tired towns.
Social businesses can be at the heart of local economies, particularly in rural, post-industrial, inner city and coastal communities.
Asking the question ‘what is the economy for?’ permits a broader consideration of what economic priorities should be, beyond extractive growth.