The UK and Welsh Governments have today set out their shared ambitions for a new Freeport Programme in Wales as bidding opens for the innovative new site.

Bidders are encouraged to demonstrate how a Welsh Freeport will provide more high-quality local jobs, attract fresh investment to Wales, and support the country to become more sustainable to reach net zero by 2050.

Consortiums will have 12 weeks from today to assess the prospectus and prepare their bids, which will be jointly assessed by officials from the UK and Welsh governments in an open and transparent selection process.

It is expected that the successful site will be announced this winter and become operational in 2023.