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Cardiff Council

www.cardiff.gov.uk

Investment and Development commitments

​​​Councillor Goodway
News of the death of cities, much reported over the pandemic, has been greatly exaggerated. While home and agile working will impact on how cities are used by businesses and workers, and city centres will have to adapt to the shift to online retail, agglomeration, innovation and creativity will continue to drive economic growth and jobs. As Wales’ core city, Cardiff will continue to play a leadership role in the Welsh economy post-Covid.

The Council will work with local businesses and investors to lead the city economy’s recovery and renewal. Momentum will be rebuilt with an ambitious programme of city centre regeneration, completing the transformation of Cardiff Bay and developing a new industrial park in the east of the city. We will create the right environment for our home-grown business to succeed, while working with partners to attract new, innovative companies to Cardiff. Together, we will build a stronger, greener and fairer economy, delivering greater investment, stronger businesses and, ultimately, more and better jobs for the people of Cardiff.

We will:

  • Deliver the new 17,000-seater Indoor Arena in Cardiff Bay.
  • Facilitate the redevelopment of Metro Central and Central Quay.
  • Facilitate the comprehensive redevelopment of the Canal Quarter, including reopening the canal and creating new public and commercial spaces on Churchill Way.
  • Work with partners to establish new city centre management arrangements to keep the city centre safe, clean and vibrant.
  • Deliver a new velodrome as part of a new phase of development in the Sports Village.
  • Bring forward proposals to protect and revitalise historic buildings in the Bay.
  • Explore the potential for improvements in Cardiff’s business tourism offer.
  • Work with City Deal partners, the private sector and the University Health Board to bring forward a proposal for a new Science Park Campus at Coryton.
  • Support the completion of Cardiff Parkway and deliver a new Llanrumney Bridge as part of our Industrial Strategy for the east of the city.
  • Support local businesses and start-ups as part of a focus on the foundational economy, including working with partners to attract investment into innovation and start-up space across the city.
  • Engage closely with the retail and hospitality sectors to enable their successful renewal post Covid and enhance the promotion of Cardiff as a visitor destination by establishing a new events strategy.
  • Deliver a leaner and greener Council property estate, including reducing its carbon footprint by 30% and generating £25m in capital receipts through land and asset sales by the end of 2025/26.​

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