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Wales

Wales has a history of innovation and continues to be at the cutting-edge of technology and sustainability.

Wales has a talented workforce and strong research and development facilities. It’s producing technology for the future in advanced manufacturing, life sciences, clean tech and digital sectors. Over 700 multinational companies have established themselves there, including Toyota, GE, Sony and Airbus.

Expanding your business

Wales is highly competitive on cost, with great value for office and industrial space.

Welsh businesses access graduates from 4 QS world ranked universities. The excellent quality of life and leisure opportunities attracts many talented graduates to live and work there.

Investing capital

Large capital and venture capital investors in Wales enjoy a range of regional and national incentives, including grants covering up to 45% of capital expenditure.

£791 million has been committed to progress city and growth deals across all of Wales. The investments are creating world-class infrastructure that enables businesses to grow and flourish.

Buying goods and services

Wales offers access via rail, road and air to major cities in the UK and internationally. Cardiff is less than 2 hours from central London by train.

Wales has 8 enterprise zones across the country, providing a range of financial incentives, each specialising in a particular sector. The Anglesey enterprise zone focuses on low-carbon energy.

Less than 2 hours
train travel between Cardiff and London
£13.6 billion
of goods exported from Wales in 2020
3
National Parks which cover 20% of Wales
3,600
tech businesses employing 45,000 people
£794 million
spent on R&D in 2019
8
Universities
30%
of the Welsh population aged 21- 64 are college graduates
Over 3 million
population

Strategic markets

Creative and digital

Creative industries is one of the fastest growing sectors in Wales, with an annual turnover of more than £2.2 billion. Wales has a thriving TV and film production industry, producing shows such as Sherlock and His Dark Materials.

Wales is also home to a strong fintech and insurtech cluster, supporting companies including GoCompare and Admiral.

Clean growth

The energy and environment sector in Wales generates over £4.8 billion in revenue. Innovative projects coupled with commitments for a low-carbon future present opportunities in renewable energy technologies. Wales has the potential to generate around 10 gigawatts (GW) from marine energy alone.

Tourism

Tourism in Wales is a £5 billion industry and offers vast opportunities for growth. Wales has 3 National Parks and 5 Areas of Outstanding Natural Beauty. The coastal path outlining the entire coast spans across 1,400 kilometres.

Case study

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Compound semiconductors

The world’s first compound semiconductor (CS) cluster is based in south-east Wales. The CS cluster provides a unique opportunity to design, manufacture and commercialise these emerging technologies. The project provides disruptive solutions across a range of applications, including electric vehicles and future telecom networks.

Speak to us

The government is identifying new projects across the whole of the UK. Investors who are interested in our projects can find out more by contacting us.

Get in touch