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Busnes Cymru - Business Wales

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New food and drink vision launched

Growing the Welsh food and drink industry’s value to £8.5bn and increasing the number of employees in the sector who receive the Welsh Living Wage to 80%, both by 2025, are at the heart of a new Welsh Government vision.

A Vision for the Food & Drink industry from 2021 will build on the sector’s success in Wales with the key aim of helping ensure a flourishing food and drink industry with a global reputation for excellence.

The Vision’s objectives include:

  • Every year the turnover value of Wales’ food and drink sector will proportionately grow more than the rest of the UK, and to at least £8.5bn by 2025.
  • The three-year average of Gross Value Added (GVA) per hour worked in the industry will increase proportionately more than the rest of the UK.
  • Every year, the proportion of food and drink sector employees receiving at least the Welsh Living Wage will increase, to achieve 80% by 2025.
  • Every year, there will be an increase in the proportion of manufacturing businesses in the industry holding accreditation (e.g. environmental management, staff development, production and other relevant standards).
  • Every year, there will be an increase in the proportion of businesses in the food and drink manufacturing sector achieving awards appropriate to their business. By 2025 at least six more Welsh products will join the UK GI Scheme.
  • 98% of businesses will have a food hygiene rating of 5 by 2025.

The Vision is aimed at every business in the industry from retail and exporters to tourism, from brewers and bakers to manufacturers and processors.

For further information visit GOV.Wales.
 

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