The Business Wales service, which provides independent support and advice to people starting, running and growing businesses, has supported the creation of 25,000 jobs across Wales since 2016, according to the economy minister.
The service, which was launched in 2015, provides a range of business support, and is part funded by the European Regional Development Fund through the Welsh government.
10,000 of the created jobs are in businesses supported by the Business Wales Accelerated Growth Programme (AGP), which provides targeted support for firms that want to grow.
Economy minister, Vaughan Gething, said: ‘The Welsh Government is taking bold action to build a stronger, fairer, greener Welsh economy. We want more people to feel confident about planning their future in Wales. Our approach is geared towards investing in our people and supporting people to start-up their own businesses, so we ensure we have firms grounded in Wales who can provide future opportunities. This will help support job creation and help create dynamic local economies.
‘Services such as Business Wales play an incredibly important role in helping people start their own businesses and supporting them to grow and thrive. So I’m delighted Welsh Government’s Business Wales Service has now supported the creation of 25,000 jobs across Wales over the last five years.’
Thermal Compaction Group (TCG) in Cardiff, a green business focused on sustainable waste solutions, created the 10,000th job attributed to support provided by the AGP.
Vaughan Gething commented: ‘I’m particularly pleased our flagship Accelerated Growth Programme has reached out to our most ambitious SMEs, helping them create 10,000 of these new jobs. The Programme is about more than the growth it drives in companies; it’s also about the impact it’s having on individuals across Wales – including Alex, who has secured a job at a company that’s harnessing technological innovation to create a greener, more sustainable future.
‘TCG’s innovative products are exported worldwide and are attracting global attention, so they are a real success story to be proud of in Wales.’
Managing director of TCG, Thomas Davison-Sebry, said: ‘As a small company, it’s been invaluable to have the support of our relationship manager and several experienced business coaches as we have navigated our way from the research and development phase to a period of high growth. We are very grateful for the service we have received from the Business Wales Accelerated Growth Programme and would recommend it to any business looking to scale up and grow.’
In related news, finance minister, Rebecca Evans, has said the Chancellor’s Spending Review contains ‘clear gaps in funding’ where the government has failed to invest in Wales.
Photo supplied by Welsh government
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