Caerphilly has 12,000 people working in the manufacturing industry; 8,000 people are employed in Financial and Other Business Services while 17,300 are employed in Public, Administration and Health.
Tourism is big business in Wales. Recent research by the Welsh Economy Research Unit (WERU) at Cardiff University indicates that total annual tourism demand is around £4.7 billion. The Gross Value Added (GVA) attributable to tourism is at £1.6 billion, equating to some 3.8% of direct GVA for the Welsh economy as a whole. This research work also indicates that some 68,700 jobs (6.1% of the total Welsh workforce) are directly supported by tourism.
The Queen Alexandra lock has guarded the Port of Cardiff since 1905, now, as part of a £3.6m investment across the region the inner lock gates have been replaced. The Port of Cardiff is the first of three of Associated British Ports’ South Wales ports to receive major structural engineering work with the installation of new lock gates, for only the second time in the lock’s 109 year history.
Over the next few months, the outer gates at Port Talbot will also be replaced and the gates at Barry will undergo major refurbishment. The lock gate replacement programme at the Port of Cardiff represents £2 million of the total investment, which will see both the North and South inner lock gates replaced. The Port of Cardiff serves the local industry in South Wales, the Midlands and the M4 corridor and offers Welsh businesses access to international markets.
The port handles over 12 million tonnes of cargo every year across the South Wales ports and welcomes a wide variety of businesses and customers through the lock on a daily basis. The new gates will secure a safe, resilient and effective lock operation for many years to come ensuring the Port of Cardiff remains open for business for Wales and beyond.