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MoU unlocks Anglesey Freeport funding

[ March 24, 2026   //   ]

The Welsh Government, UK Government, the County Council and Stena Line UK have signed a Memorandum of Understanding formalising how Anglesey Freeport will be governed and delivered.

It unlocks the first tranche of £25 million seed capital funding, from the UK and Welsh governments, for projects to improve infrastructure and attract inward investment.

They include road access improvements, energy infrastructure, site remediation and new improved facilities at the Menai Science Park campus and will prepare the freeport’s tax sites for private sector investment.

It follows approval of a new reactor at the Wylfa power station and the designation of a North Wales AI Growth Zone.

Rebecca Evans, Cabinet Secretary for Economy, Energy and Planning, said: “By putting critical infrastructure in place now, we are positioning Anglesey to take full advantage of the Freeport, the renewed momentum at Wylfa, and the opportunities of the North Wales AI Growth Zone.”

Stena Line UK executive chair, Ian Hampton said: “This announcement marks the start of Anglesey Freeport’s operational stage, following the work undertaken to date to secure Freeport status, finalise our business cases, and prepare our tax sites for investment.

“We are grateful to the UK and Welsh governments for their ongoing support and will continue to work with both governments and all Freeport partners to deliver our vision of providing jobs and economic growth for Anglesey and North Wales, while protecting the Welsh language and culture.”

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