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The launch marked the official start of the latest major project in Cardiff Bay, which includes a new Olympic standard, twin-pad ice arena and Cardiff Pointe, a sustainable residential quarter consisting of around 800 new homes.
Future stages will also include a 150 million indoor ski-slope, one of the world’s largest indoor snow play centres, a stunning mixed-use tower that will be the tallest in Wales, gallery space, a hotel, retail outlets, housing and office accommodation.
Cardiff Council leader, Heather Joyce, said: “This development will not only look fantastic but will also create thousands of jobs, attract tens of thousands more visitors to the city and provide homes – including affordable homes – for people in Cardiff.
“The end results will be state-of-the-art facilities that everyone can use, including, crucially, two ice rinks which will provide a new home for the Cardiff Devils and offer people a range of winter sports to try out. This will all go a long way to enhancing Cardiff’s reputation as a world class sporting capital city.”
Jonathan Smith Director at Helium Miracle 113 said: “We are immensely proud of the Sports Village’s design and content, which follows the high standard set by the Cardiff Pointe residential quarter. We believe the new facilities will strengthen Cardiff’s reputation as a forward-thinking, cosmopolitan centre of sports, culture and housing.
“The benefits to the area will be enormous and tangible: not only will Wales gain a Centre of Excellence for Winter Sports, available to professionals and the public alike, but we will be extending both Cardiff’s tourism season and catchment area; and employing, conservatively, over 1,600 people from the local area.”
The survey of 398 firms found that output growth over the last three months remained steady but subdued.
But the outlook is much brighter for the next quarter, with output volumes expected to rise rapidly – the strongest expectations since April last year – with the anticipated pick-up in variety of markets and mechanical engineering sectors.
Exports orders are also at their highest level for three months, while total orders are broadly flat. Meanwhile expected price inflation has fallen back to levels last seen midway through last year.
Anna Leach, CBI Head of Economic Analysis, said: “Manufacturers appear more optimistic about the next few months than the official figures and commentary would suggest, with sharp rises in output expected right across the sector.
“Total orders were steady and in line with long-run averages and there was some pickup in exports, possibly helped by the weak pound.
“Price expectations have fallen to the lowest level for six months – driven by inflation expectations plummeting from near-record highs in the food, drink and tobacco sector.”