News

The Welsh Government wants to double the number of businesses in Wales that are owned by their employees, and is committed to providing greater support for worker buyouts to ensure Wales-based companies remain in Welsh hands, Economy Minister Vaughan Gething said today to mark Employee Ownership Day.

• Economy Minister commits £5 million to foster new culture of entrepreneurialism among young people in Wales.
• Plan part of Welsh Government mission to make Wales a place where more young people feel confident in planning their future.

 An innovative research and development project to improve the productivity and environmental performance of businesses in the aerospace and food and drink sectors is taking place at the Advanced Manufacturing Research Centre (AMRC) Cymru in Broughton.

 A delegation of representatives from the Japanese Wind Power Association have been visiting North Wales this week to see some of the exciting developments under way in the region

• New vision sets out how the Welsh Government, the retail sector and trade unions will work together to develop a successful, innovative, sustainable and resilient sector.
• Retail is Wales’ biggest private sector employer - providing jobs to more than 114,000 people across the country.
• Vision sets out ambitions to ensure retail remains at the heart of Welsh communities by offering people fair work and real career opportunities.
• Includes measures to help the sector overcome workforce recruitment and retention challenges caused by the Covid pandemic and the UK’s exit from the EU, alongside the impact on operating costs and consumer habits caused by the cost-of-living crisis.

• New £13.25m a year scheme to provide tailored support to help people into work across Wales
• ReAct+ will also provide employers with wage and training support for newly-employed staff
• The programme is part of wider Welsh Government plans to help more people into and stay in work

A new flagship Welsh Government programme, which will provide personalised support to people who are not currently in education, training or employment to find and stay in work has been launched today by Economy Minister Vaughan Gething.

Economy Minister Vaughan Gething has seen for himself how Welsh Government funding is helping local entrepreneurs develop new, high-quality accommodation in Swansea and Mumbles.

A Welsh firm which created the world’s first electronic breathalyser has secured a major export deal to supply hundreds of breath testing instruments to the Finnish Government, thanks to export support from the Welsh Government.

Gottwood Festival and Merthyr Rising will both take place over the weekend of 9-12 June and are looking forward to welcoming back the crowds at both ends of the country.

Welsh Government investment in universities collaborating in data science and artificial intelligence is changing lives and helping Wales become an international leader in the field. As part of the Digital Strategy for Wales, £500,000 of funding is being shared between 22 innovative projects.

Economy Minister, Vaughan Gething has today announced £2.9m from the Welsh Government’s Brilliant Basics capital fund will be shared among 18 projects that will help deliver small-scale infrastructure improvements in strategically important tourism locations across Wales.