News

Welsh companies and organisations will be able to access R&D funding as Wales becomes a regional partner with a major EU scheme, the Cabinet Minister for Enterprise, Connectivity and Energy, Adam Price, has announced.

• Jonathan Lewis named chair of expert panel designing new economic development agency
• Agency will help deliver most ambitious economic goal in Wales in two decades – halving the productivity gap with the UK within 10 years.
• Agency will be built around innovation, target inward investment and help Welsh businesses grow and scale.

• 100 new jobs in Gorseinon and Tredegar by March 2028
• Operation will more than will double Wales’ reprocessing capacity for recycled plastic.
• Reducing the carbon footprint of Wales by around 150,000 tonnes per year – the equivalent of taking 120,000 cars off the road.

Cabinet Minister for Enterprise, Connectivity and Energy, Adam Price, said:

The new Welsh Government Minister with responsibility for energy met with students from North Wales at a major offshore wind conference in Manchester.

The Welsh Government said:

• 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.