The Welsh Assembly Government outlines new policy to transform the business environment in Wales

On Monday 5th July the Welsh Assembly Government announced plans to transform the way it supports businesses and the Welsh economy. 

‘Economic Renewal: a new direction’ is a vision to make Wales “one of the best places in the world to live, to work and to thrive”. 

It sets out the role the Welsh Assembly Government can play in providing the best conditions and framework to enable the private sector to grow and flourish. 

In the future, resources will be focussed on investing in infrastructure, skills and improving the conditions within which businesses operate. It aims to create the right environment for businesses to succeed. 

The policy has been developed following extensive consultation with business, academia, trades unions and other key organisations and individuals. 

The consistent feedback was that the Welsh Assembly Government should take a more focused approach to business support.

‘Economic Renewal: a new direction’ will mean changes to the business support services the Welsh Assembly Government currently provides. We will provide regular updates to any changes to our services, but in the meantime please continue to use this site.

For further information about ‘Economic Renewal: a new direction’, please visit:

www.wales.gov.uk/economicrenewal
www.wales.gov.uk/news

Submitted 5th July 2010