The Local Economy
The Local Economy
Whats happening in the local economy...
Neath Port Talbot is home to a wide range of national and international companies such as Amazon, GE Energy, Intertissue, Ecolab and steel producer Corus now part of Tata Steel, India's largest integrated private sector steel company.
The local economy is based on a strong manufacturing base, almost twice the UK average, a steady increase in the service sector and construction industry and an increasingly successful tourism and leisure industry.
Many major regeneration schemes are underway, showing a growing confidence in the area.
Other developments include £80m redevelopment of Neath Town Centre, and well over £30m of private sector investment to date spent regenerating Aberavon Seafront.
Baglan Energy Park is a single development site to eventually total some 1,500 acres. Opportunities exist for both manufacturing and service industries on this prestigious and ideally located strategic site adjacent to Junction 41 of the M4 motorway.
Together as a whole, the developments are providing employment growth and huge increases in investment.
Neath Port Talbot also offers:
- An active manufacturing sector with the automotive sector, consumer electronics and components, general and precision engineering as well as other light operations well represented.
- A research and development facility for the development of modern manufacturing and innovative materials processing techniques.
- Technology-led business incubation facility to provide knowledge and support to businesses specialising in energy, renewables, waste management, sustainable materials and micro-generation.
- Close links to universities to support research and development opportunities.
- A key facility for the development of alternative fuel technologies.
- Showcase for one of the world's most advanced gas turbine combined-cycle technology at the £300m GE Energy Power Station.
- Flagship project promoting the use of biomass energy in the UK.
- Growing tourism industry contributing up to £73.9m to the local economy.
- Web design, animation, special effects, and even the area's first recording studio are activities being encompassed by the film and media sector.