Discover the Latest Business News in Wales
Have you been keeping up with the latest business news in Wales? If not, it’s time to catch up! From new investments to exciting new startups, there’s plenty to keep you informed on what’s happening in the Welsh business world.
Investment in Wales on the Rise
Recent reports show that investment in Wales is on the rise, with foreign companies contributing to much of this growth. In fact, a report from the Wales Governance Centre showed that foreign investment in Wales increased by 8% between 2018 and 2019, with Ireland, the US, and Germany being the top contributors.
One notable investment is from the global technology firm Thales, who recently announced a £20m investment in its Welsh-based facilities, creating up to 120 new jobs. This is a clear sign that Welsh businesses are attracting investment from global players, showcasing the strong potential for growth in the region.
Welsh Startups Making Headlines
The Welsh startup scene is also making the news, with a number of exciting new businesses emerging in recent months. For example, Swansea-based healthtech firm Efty has been making waves with its innovative app, which uses machine learning to improve patient care. Another notable startup is Sustainably, a Cardiff-based company that uses a fintech app to help users make donations to their chosen charities.
These startups are not only boosting the Welsh economy, but also putting Wales on the map as a hub for innovation and entrepreneurship.
Wales’ Thriving Manufacturing Industry
Manufacturing is another sector that’s thriving in Wales, with a number of big players driving growth in the industry. One such player is Aston Martin, who recently announced that they will be building their new luxury SUV in Wales. This move is set to create around 750 new jobs, further contributing to the growth of Wales’ manufacturing industry.
Another company that’s making headlines is Airbus, who recently announced a new contract to supply up to 50 Airbus H145 helicopters to the UK’s emergency services. The helicopters will be built at the Airbus facility in North Wales, creating more jobs and boosting the local economy.
Conclusion
From investment to startups to manufacturing, Wales is experiencing a period of growth and innovation. With a range of exciting developments taking place across various sectors, there’s plenty of reason to keep an eye on the latest business news in Wales. So why not take a closer look and discover the opportunities that lie ahead?
