Welsh Government
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New economic approach needed Deputy First Minister tells North Wales businesses

The Deputy First Minister Ieuan Wyn Jones will today (Friday 19 March) tell businesses in north Wales that he is focused on leading a new economic approach for the country.

Attending the North Wales Economic Forum in St Asaph, the Minister will outline how the Economic Renewal Programme will change the way the Assembly Government provides support to businesses. He will call on businesses to get involved in the process.

Speaking ahead of the event, Mr Jones said,

“There is no doubting the Welsh economy has been through tough times and by working together will we achieve recovery and renewal. We have been working hard to develop our Economic Renewal Programme, which aims to position the Welsh economy to be able to face the demands of the modern world and compete in high value markets.

“Our approach to economic development and inward investment needs to change so that it is focussed more on developing the right skills of our workforce and encourage world-class research and development. We are looking closely at how we provide support to business and how we use every penny of our £240 million economic development budget to make sure it is effective. My aim is a complete culture change – to bring about real, sustainable investment to the Welsh economy. We want to create jobs and industries that are here to stay and benefit all parts of Wales. The views of businesses in North Wales will play a crucial part in developing our policy.”

The Minister is inviting businesses to contribute to the development of the Economic Renewal Programme by taking part in the ‘Tell Us More’ consultation. The aim is to provide individuals and organisations with the opportunity to have their say on the direction of the Assembly Government's future approach to economic development.

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