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Wales Investment Opportunities 2 Great.Gov.Uk | Wales Investment Opportunities Great.Gov.Uk | Wales Investment Opportunities 3 Wales Investment Opportunities 2 great.gov.uk | Wales Investment Opportunities great.gov.uk | Wales Investment Opportunities 3 Contents Foreword by the Secretary of State for International Trade 5 Introduction by the Secretary of State for Wales 6 DIT’s Capital Investment Team 8 Welcome to the Wales Opportunity 11 A Diverse Business Economy 14 Our Key Business Sectors 19 A Supportive Investment Environment 23 Financial Support and Incentives for Business 25 Investment Opportunities 26 Wales – Investment Ready 29 4 great.gov.uk | Wales Investment Opportunities great.gov.uk | Wales Investment Opportunities 5 Foreword by the Secretary of State for International Trade I am delighted to introduce the with all other regions in the UK, is part Department of International Trade’s of the vision for growth and investment, first investment portfolio for Wales. as set out in the UK Government Collaboration and partnership are Industrial Strategy. key traits that make Wales a strong The UK Government is also supporting environment to support business and we the development of the Welsh economy are pleased to showcase projects across through its contribution to the Welsh City a variety of sectors that are ready for and Growth deals, with over £700 million investment. of investment. This is creating world class The UK has a host of exciting investment infrastructure that enables business to opportunities in large-scale property grow and flourish. For example, the UK and regeneration, infrastructure and Government has provided more than £36 energy projects. Our portfolios for other million of funding for the Active Building regions and sectors have highlighted to Centre in Swansea to support ground- the international investment community breaking green technology development. opportunities across the UK, attracting The UK is a place where businesses interest from around the world. Supported prosper with a strong track record in by world-leading research and innovation supporting successful capital investment. expertise, world-class universities and Wales has strong links to global markets exceptional connectivity to the rest of the which, combined with the wide range UK and internationally, we are confident of large-scale, high quality, investor- that the investment opportunities ready opportunities, make a compelling profiled in our new Wales portfolio will be destination for investment. similarly welcomed. We are presenting an exciting range of The international market has been projects from across Wales, spanning a investing in Wales for many years. Wales is variety of sectors including offices, retail, an attractive destination for foreign direct hotel and leisure, residential, PRS and investment with an established presence student housing investment opportunities. from companies such as Panasonic, Atradius and Celsa. It continues to be We invite you to be part of this success. an attractive destination with 57 new FDI projects coming to Wales in 2017-18, increasing FDI enabled jobs by 20% on 1 The Rt Hon Dr the previous year. Liam Fox MP International investment is already a significant enabler in Wales supporting Secretary of State innovation and higher productivity for International Trade and in sectors such as technology and President of the Board of Trade engineering, advanced manufacturing and financial services; sectors where Wales is internationally competitive and where there is global demand. Wales, along 1 Department for International Trade, inward investment results 2017 to 2018 6 great.gov.uk | Wales Investment Opportunities great.gov.uk | Wales Investment Opportunities 7 Introduction by the Secretary of State for Wales There has never been a more exciting Industrial Strategy. But we are also time to invest in Wales. ensuring that the Welsh Government and UK Government are united with Wales is home to a wide variety the same vision for a global Wales of businesses and industries. Our which nurtures business, industry and companies include the world’s first enterprise and supports those who semi-conductor cluster, a technology choose to invest. that is changing the way mobile phones and GPS technology operates, so a This portfolio is an opportunity for part of Wales will be in technological you as investors to benefit from our systems across the world. We are also innovation and energy. The projects proud to be home to the UK’s first Active outlined demonstrate our strengths Building Centre, where we are working to and highlight what makes our beautiful, change the way we build our homes and resourceful country such an attractive businesses through innovative and self- destination for investment and business. sustainable technology. When coupled We will continue to build on the areas with our highly educated work force, in which we are already world leaders pioneering higher education sector and and nurture new businesses and a network of transformative public and developments. Through collaborative private partnerships it is no surprise that private and public sector engagement we have record levels of people in jobs we can all work together to ensure and high business creation levels. returns of investment and the future prosperity of Wales. As a proud nation with strong international links we understand the As Secretary of State, I am proud importance of being an outward facing, to showcase the very best of what resilient and ambitious economy. Which Wales has to offer. I look forward to is why the UK Board of Trade has hearing your ideas and welcoming acknowledged our success and ability investors to Wales. in exporting, seeing us partner with the Department of International Trade to seize opportunity wherever it may be The Rt Hon found and encourage inward investment. Alun Cairns MP Our strong and vibrant history in industry and business has enabled us Secretary of State for Wales to benefit from the UK Government’s sector deals as part of our modern 8 great.gov.uk | Wales Investment Opportunities great.gov.uk | Wales Investment Opportunities 9 We are able to offer expert guidance, For further details or to arrange DIT’s Capital Investment Team utilising a range of specialists in a meeting to discuss potential property development and finance, opportunities, please email: project finance, energy, transport, [email protected] The Department for International pounds of foreign investment into major regulated assets and venture capital. Trade helps businesses export, drives projects important to the future growth investment, opens up markets and and prosperity of the UK. champions free trade. DIT’s Capital Investment team acts as a As an international economic one stop shop to align investors with a department, our role is to: credible project pipeline, helping them understand the associated returns. • Enable and support firms to We work closely with a range of UK seize the opportunities of trade based commercial and governmental and international investment to organisations to understand their establish a culture of exporting in capital raising priorities and ensure their the UK offer is investable. • Ensure the UK is recognised as the We support international investors in best place to invest and to attract, identifying suitable opportunities and retain and grow international help navigate their investment journey. investment that strengthens the We realise the value government can economy, supported by the UK’s add to the investment process, using our Industrial Strategy global network of international offices to manage relationships with investors, • Open markets, building a trade large corporates, high net worth framework with new and existing individuals and families, private sector partners which is free and fair agents and other governments. • Use trade and investment to We work in the fields of: underpin the Government’s agenda for a Global Britain and its • Large capital projects in property ambitions for prosperity, stability development, regeneration, energy and security worldwide and infrastructure The UK is a leading global destination, • Attracting growth capital from and No.1 in Europe,2 for attracting venture capital and private foreign direct investment. DIT’s Capital wealth investors into high-growth Investment team promotes investment potential and knowledge-intensive into energy, infrastructure, property and businesses, for example in high-growth firms. We have a strong technology sectors track record, having attracted billions of 2 Deloitte (2019): Power Up: UK Inward Investment Report 10 great.gov.uk | Wales Investment Opportunities great.gov.uk | Wales Investment Opportunities 11 Welcome to the Wales 0pportunity Wales is a country of rich variety. Its Cardiff, the capital of Wales, is served growing and stable economy creates a by its own international airport which strong offer to international investors. connects to main European hubs Welsh industry is diverse, including including Amsterdam, Dublin and global players in compound semi- Paris and a daily flight to Doha. Cardiff conductor technology and advanced is well connected to London by high manufacturing, pioneers in energy, the speed rail, with an ongoing project of environment and tourism. With sectoral improvements which will result in a strengths in several key business journey time of under two hours. sectors and world-class universities, North and mid Wales are similarly well Wales is known for building strong links served by their proximity to the large between industry and education and metropolitan areas and international
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