Direct Welsh Government investment in businesses totalling in excess of £600 million has seen more than 40,000 jobs created or safeguarded across Wales during this government term.
As part of the £600 million, the Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans is today announcing close to £10 million to support close to 700 jobs at three businesses across Wales.
Through investment made in loans, equity and grants, the Welsh Government is making significant progress delivering on its commitment to building a stronger, fairer, and greener economy.
Boccard UK Ltd, based in North Wales, is receiving Economy Futures Funding of £1.2 million to secure a move to a substantial new unit and significantly increase its fully digitised manufacturing capacity.
This will help the company, which is headquartered in France, to retain its market leading position in the nuclear sector in Wales, safeguarding 59 jobs and creating in excess of 150 new positions.
An £8 million Welsh Government investment is also contributing to safeguarding 325 jobs at WEPA, in Bridgend.
It is part of a significant investment by the company, which specialises in the production and distribution of sustainable hygiene paper and innovative hygiene solutions, to reduce energy consumption at its Maesteg site and boost production capacity.
Further funding of £540,000 is also helping bring an old factory, which closed in 2022 with the loss of 60 jobs, back into use in Clydach Vale, near Tonypandy.
Coppice, an international manufacturer and supplier of packaging to the food industry will create 83 jobs at the new operation, with this number potentially increasing to 150 in the next five years.
For further information please select the following link: 40,000 jobs supported by £600 million this government term | GOV.WALES