Over 100 leading Welsh businesses have signed a letter to the Prime Minister, urging her to give the Swansea Bay Tidal Lagoon project the green light as soon as possible.

The letter, which was hand-delivered to 10 Downing Street today has been signed by companies in South West Wales including Tata Steel UK, Penderyn, Castell Howell Foods, WRW Construction and Andrew Scott Ltd.

Chris Pearlman, Swansea City Football Club’s Chief Operating Officer, and Roger Blythe, Chairman of Ospreys Rugby, have also signed the letter, along with senior representatives of major companies including Cuddy Group, Dawnus Construction Holdings, Coastal Housing, Day’s Rental and Owens Group.

Together, the companies who have signed the letter employ more than 30,000 people.

Councillor Rob Stewart, Swansea Council Leader said, “It’s now been over 10 months since Charles Hendry, the UK Government’s own independent inspector, concluded that the Swansea Bay Tidal Lagoon is a ‘no regrets’ option.

All we’ve heard since then is that the Government will make a decision is due course, but enough is enough. Investor confidence in the scheme means a decision is time-critical, so I’m calling on the Prime Minister to listen to the people of South Wales and approve this project now.”

The signatories of the letter said they firmly believe the Swansea Bay tidal lagoon project would help transform the Swansea economy, put Wales at the forefront of green energy generation and ensure Britain lead the way in research and development of cutting-edge engineering and tidal lagoon technology.

Tidal Lagoon Power, the developer behind the proposed Tidal Lagoon Swansea Bay project, worth £1.3 billion, is still awaiting the subsidy agreement with the UK government despite being backed by a government-commissioned review, conducted by former energy minister Charles Hendry.