Why Invest in Wales
Famed for its dragons and druids, Wales is an ancient land of mists and magic. And it is an almost £50 billion economy at the cutting edge of 21st century innovation and entrepreneurship.
With a geographical area that would make it the fourth smallest US state and a population of only 3 million, Wales is one of the most beautiful places on earth. The cost of living is nearly 10% lower than the UK average, whereas the Welsh workforce is creative, resourceful, industrious, and highly skilled. Wales also offers top-class education facilities and a local government committed to creating the right environment for international businesses to grow and flourish.
International and home-grown businesses
There are over 700 multinational companies thriving in Wales and this relatively small country attracts an extraordinary amount of global investment. So it is not surprising that global brand companies locate here: Ford, Toyota, Airbus, GE, Dow Corning, Panasonic; nor that world-class homegrown businesses – Iceland, Admiral, Redrow – choose to stay.
First class connectivity
Wales has superb road, rail and air links to the rest of the UK, the EU and the rest of the world. For global businesses the world over, Wales has a track record as a superb entry point to the UK and EU markets.
Wales has its own Assembly Government committed to supporting Welsh business. This can include funding, for instance for skills, academic collaboration and business expansion. Technology, manufacturing, innovation and creative industries have recently received specialist support.
Thriving Welsh cities
Cardiff, the Welsh capital, has been acclaimed as one of the top 10 cities in Europe. Seat of the National Assembly, it has evolved into a European cultural capital and a vibrant student city, hosting many international sporting events at venues including the Millennium, SWALEC and Cardiff Stadiums. Cardiff Bay, formerly the world’s largest coal exporting port, is now Europe’s largest waterfront development with a wealth of leisure and tourist attractions and sophisticated dining culture. With a thriving arts scene, Cardiff is home to the BBC National Orchestra of Wales and Welsh National Opera and regularly hosts international stars at venues such as St David’s Hall, the Cardiff International Arena, the Wales Millennium Centre and a hatful of theatres.
Wales’s second city, Swansea, recently saw a £1 billion transformation, including a new retail precinct, street art, walkways and green spaces. Swansea Waterfront and Maritime Quarter has established Swansea as a waterfront city of international renown. Swansea is home to world class attractions such as the National Waterfront Museum, the Dylan Thomas Centre, Swansea Grand Theatre, Oystermouth Castle, Brangwyn Hall and mediaeval Swansea Castle.
Internationally renowned sporting venues
To the East, Celtic Manor Resort, one of Europe’s leading golf resorts, successfully hosted the 2010 Ryder Cup. While Cardiff’s Millennium Stadium regularly hosts international tournaments from Six Nations to Rugby World Cup to FA Cup Finals and European Championships.
A world class workforce
Every year, Wales produces many thousands of graduates from its internationally renowned universities. Its FE colleges deliver some of the world’s finest vocational education. With a reputation for commercially-focused universities, collaborative links between education and industry in Wales are outstanding. Our highly-skilled workforce, committed to meeting the challenges of a changing economy, comes at a significantly lower cost than most of the rest of the UK.
Great quality of life
Businesses aren’t just turnover, they’re people. And Wales isn’t just a great economy to invest in – it’s a fantastic place to live. A primevally beautiful coastline never more than a fairly short drive from a major city, as well as world class art, sport and shopping, are all as accessible 24 hours as ancient forests and sandy coves.
From Owain Glyndwr to Richard Burton, Snowdonia to the Gower Penninsula, the Ryder Cup to the Millennium Stadium, the Welsh heritage and landscape are priceless. As is the breadth and depth of opportunity Wales can offer your business.