Delivering his first Oral Statement to the Senedd, Adam Price, the Cabinet Minister for Enterprise, Connectivity and Energy said the new Welsh Government is committed to adopting a different approach, with a goal of bringing to an end generations of low productivity.
With Welsh productivity 15% below the UK average, he also wants to make Wales the easiest place in the UK to start, grow and invest in a business:
- A new economic goal for Wales to halve the productivity gap with rest of UK.
- A new approach to make Wales the easiest place in the UK to start, grow and invest in a business.
- A new agency to drive economic development and boost pay.
The new approach will be delivered in partnership with businesses, trade unions, regional stakeholders and the UK Government, with a specific focus on supporting firms to scale so they can compete in high-value markets.
This will be supported by a reformed skills system that equips people not just for work, but for progression.
For further information please select the following link: New economic mission to close Wales’ productivity gap with UK and boost pay | GOV.WALES.
Whether you’re dreaming of becoming your own boss, turning a skill into a side hustle, or ready to launch your bold new idea, Business Wales is here to help with tools and resources, expert advice and practical support to help you: Thinking of starting a business | Business Wales.