News

The Enterprise Zones Business Rates Scheme (EZBRS) has been available since 2012 as a means of providing financial assistance for business rates liabilities incurred by small and medium-sized businesses located in a Welsh Enterprise Zone. A further application round will open on 4 December providing eligible companies with an opportunity to apply for support from the Scheme. This round will be targeted at businesses which have located into one of the 8 Welsh Enterprise Zones...

A further £4.5m will be invested in Ebbw Vale by the EU and Welsh Government to attract entrepreneurs and new businesses to the area. The funding will support the construction of a new business hub on The Works site, which will be designed for emerging businesses in sectors including research and development, high-tech engineering and pharmaceuticals. Around two acres of land on Lime Avenue will be redeveloped to create more than 20,000 sq ft of...

Wales’ marine energy sector has received a further boost as £1.2m of EU funds will be invested to create a test area for developers in the Milford Haven Waterway. The Marine Energy Test Area (META) will include zones for research and development and a network of seabed areas where marine energy developers can deploy and test their technology. The investment aims to attract more companies to Wales by lowering the risks of developing marine technology...

The Cabinet Secretary for Education, Kirsty Williams today announced a £6.75 million Welsh Government investment in a state of the art further education engineering centre on Coleg Menai’s Llangefni Campus, as part of the 21 st Century Schools and Education Programme . Total investment in the centre is worth £13.5 million. The centre will enable the college to support a number of additional places for engineering students studying for both vocational and technical qualifications. The...

Economy Secretary, Ken Skates has approved funding for a new 50,000 sq ft. industrial building in Ebbw Vale to kick start plans for the Welsh Government’s new Automotive Technology Park. The Economy Secretary made the announcement ahead of a visit to Ebbw Vale on Monday, where he is due to meet local apprentices and speak to the board of the Enterprise Zone and others about his plans and vision for the area. Earlier this year...

The Superfast broadband roll-out on Anglesey has reached to over 30,000 premises, and businesses on the Bryn Cefni, Mona and Gaerwen industrial parks can benefit from Openreach’ s Full Fibre FTTP (fibre to the premises) – a new service that ’ s only available in 3% of UK properties. Fibre to the premise (FTTP) is a next generation technology, that provides speeds of 330Mbps (dependent on subscription). For those wanting to connect to enterprise level...

M-SParc, Wales' first dedicated Science Park, is on course to open its doors in early 2018. The build on the £20m project on Anglesey is progressing within time and budget. M-SParc offers 2,900m2 of lettable space configured as 45 office spaces ranging from 14.5m2-250m2 (two person to 30/35 person offices), 23 laboratories for between three and eight researchers and two 140m2 double-height workshops. Ieuan Wyn Jones, Director of M-SParc, said: “M-SParc’s vision is to drive...

Economy Secretary Ken Skates has announced the red route as the preferred option for the £250m Deeside corridor scheme. The scheme, which aims to modernise and relieve pressure on the stretch, will see increased capacity on the existing A548, with a new road linking the A55 and A548 just after the Flintshire Bridge. It forms part of over £650m of Welsh Government infrastructure improvements in North Wales, with Deeside in particular benefiting from unprecedented Welsh...

Economy and Infrastructure Secretary, Ken Skates has today announced £4.5m of EU and Welsh Government funds to help boost the marine and tidal energy sector in North Wales. The funding will support the development of an Anglesey Enterprise Zone site on the Island, Mentor Môn’s £5.6m Morlais scheme which will help accelerate the development and commercialisation of multiple tidal stream technologies in the Morlais Demonstration Zone in Anglesey. The Economy Secretary announced the funding from...

Economy Secretary, Ken Skates will announce this evening that a new Economic Action Plan will be published this autumn. In a speech delivered from Deloitte in Central Cardiff Enterprise Zone, home of Wales’ thriving financial and professional services sector, the Economy Secretary will offer his view on the major challenges facing businesses over the next decade, including Brexit. He will also provide more detail on his plans for a new economic contract between government and...