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Wales. Business opportunity
Wales. Business opportunity
Our vision is of a Welsh economy built upon
the strengths and skills of its people and natural
environment, recognised at home and abroad
as confident, creative and ambitious; a great
place to live and work.
Senedd, National Assembly for Wales, Cardiff Bay
contents
1
2	 Welcome to Wales
4 	 Why Wales?
6	 Keeping good company
8	 Academic collaboration
Key sectors:
10	Advanced Materials and Manufacturing
11	Creative Industries
12	Energy and Environment
13	Financial and Professional Services
14	Information and Communications Technologies
15	Life Sciences
Support:
16	Your partner for growth
17	Property
18	Access to funding and international trading
19	A balanced lifestyle
New York
Wales is a very distinctive country.
We’re constantly working to create the right
environment for business - to equip the
private sector in Wales with the tools
to compete as a high-value player in the
global economy.
The Welsh economy is built upon the
strengths and skills of our people and natural
environments, we’re a confident, creative
and ambitious nation; a great place to live
and work.
For years, our government has invested
millions in making our cities and regions
excellent bases for companies in all kinds of
sectors. And we’re incredibly proud of our
country – and more than anything we want
new people to come and share some of the
great things going on here.
We’ve got a way of making things happen in
Wales. For example, when we set out to be
the host nation for The 2010 Ryder Cup, we
were up against England, Sweden and even
Scotland, the home of golf.
But, we clinched it. Why? In Wales, our
facilities, resources, skills and enthusiasm are
well above par. And we’re always ready to go
the extra mile – just so your business can play
to win in Wales.
You can be part of a thriving knowledge
economy, linked to key UK business hubs with
a first class transport infrastructure, but pay
less for some of the best property around.
You get access to industry-focused R&D in our
universities and a skilled, loyal workforce too.
Our rich and varied culture and stunning
environment not only make Wales the perfect
place to grow your business but also to enjoy
an enviable lifestyle.
In the last 40 years, over 700 international
companies have located to Wales, creating
impressive supply chains across key
industrial sectors.
We look forward to welcoming you too.
welcome to Wales
2
Wales. Business opportunity
“We looked at various locations around
the UK and there were grants and
incentives available in all of them.
However, people are by far the biggest
factor in our business and we found a rich
vein of talented people in Cardiff, and city-
centre accommodation close to transport so
we could access those people. Wales ticked
all the boxes for us.”
Adrian Clark; site director for Legal
& General at Cardiff which is now
the largest office in the group with
2,200 staff.
London
WALES
Dubai
Bangalore
Mumbai
Sydney
Tokyo
Beijing
Shanghai
Dublin
Manchester
Edinburgh
Airport
Wales
Container port
Liverpool
John Lennon
Liverpool
Cardiff
Dublin
Milford Haven
Bristol
London
Heathrow
Gatwick
Holyhead
Easy access within Europe
Cardiff Airport
Direct Flights to Amsterdam, Paris, Berlin
Bristol Airport (1hr from Cardiff)
Direct flights to New York, Brussels,
Frankfurt, Canada
Heathrow and Gatwick
2hrs from Cardiff
Cardiff Container Port
Access to Ireland and Mediterranean ports,
with nearby Bristol (1hr) and Southampton
Container Ports (2.5hrs)
3
Location map: overseas offices
why Wales?
We strive to create the right environment for business,
and we’ve been actively helping companies locate and
prosper in Wales for decades. Here are just some of the
reasons why you could succeed in Wales:
10 Great reasons for Wales
1. Skills: Wales has a long
tradition of engineering and
manufacturing excellence, and
established capabilities in IT,
financial and professional services,
and technologies in sectors
ranging from life sciences to entire
low carbon economies. All this is
underpinned by a highly skilled,
loyal and competitive workforce
and driven forward by research
and thousands of graduates from
Wales’ leading universities.
2. Industry-led academic
research: Welsh universities and
companies are pioneering
tomorrow’s technology through
extensive collaboration.
3. Pro-business Government:
we’ll make sure policy and
strategy makers in the Welsh
Assembly Government listen
to you.
4. Proximity to UK hubs and
European Marketplace: as
well as being a destination in
itself, Wales gives you easy
access to key industry hubs in the
UK. With great roads, rail and air
links to England, Europe and to
the rest of the world.
5. Communications
infrastructure: our broadband
infrastructure includes a fibre-
based open access network in
North Wales, and the Welsh
Assembly Government has
committed to rolling out a next
generation broadband to all
businesses by 2016 and all
homes by 2020, offering at least
100Mbps in urban areas and
30Mbps to rural locations.
6. Property: competitively priced
commercial and industrial property,
with lower domestic property
prices than much of the UK.
7. Access to funding: we
encourage growth by finding the
right support for you, in areas such as
skills development, academic
collaboration and business expansion.
8. Industry networks: talk to
potential business partners, and
access a high quality supply chain.
9. Ongoing support: targeted
business support for key sectors
including: advanced materials and
manufacturing; creative industries;
financial and professional services;
energy and environment; ICT and
life sciences.
10. Exceptional quality of life:
stunning landscapes and beautiful
beaches, cultural and sports
facilities including the Millennium
Stadium (hosting international
rugby matches and FA Cup finals).
Wales. Business opportunity
4
5
Atraverda - Advanced bi-polar batteries
6
keeping good company
Your business will be in the very best of company
in Wales – some of the key universities and
organisations profiting from your presence in Wales.
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5
6
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10
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Wales. Business opportunity
M4
M50
Derby
Gaydon
Sunderland
Ellesmere Port
Halewood
Oxford
Swindon
London
M5
M4
Cwmbran
Bridgend
CARDIFF
Cardiff Airport
SWANSEA
Flint
Wrexham
Tredegar
Resolven
Llanelli
Crumlin
Ruthin
Deeside
Welshpool
St AsaphLLANDUDNO
Conwy
Newport
8
12
1
Abertillery 2
Pontypool
22
16
Ebbw Vale
617
11 21
3 14
5
7
19189
15
20
10
13
4
Swansea Airport
Pembrey Airport
Mid Wales Airport
M4
London
Manchester
M4
A55
Cwmbran
Pembroke
Bridgend
CARDIFF
Cardiff Airport
SWANSEA
Wrexham
Welshpool
Llandudno
Deeside
Broughton
Conwy
Newport
Aberystwyth
8
7
13
19 11 14
14
1 12
13
6
6
3
6
6
1
13
5
13 1
Pontyclun
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2
Llanberis
Holyhead
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Blackwood
Rhymney Valley
10
Nantgarw 9
1620
20
4
15
Swansea Airport
Pembrey Airport
Mid Wales Airport
M4
M50
Derby
Gaydon
Sunderland
Ellesmere Port
Halewood
Oxford
Swindon
London
M5
M4
Cwmbran
Bridgend
CARDIFF
Cardiff Airport
SWANSEA
Flint
Wrexham
Tredegar
Resolven
Llanelli
Crumlin
Ruthin
Deeside
Welshpool
St AsaphLLANDUDNO
Conwy
Newport
8
12
1
Abertillery 2
Pontypool
22
16
Ebbw Vale
617
11 21
3 14
5
7
19189
15
20
10
13
4
Swansea Airport
Pembrey Airport
Mid Wales Airport
Universities
Aberystwyth University
Bangor University
Cardiff University
Glynd ^wr University
Swansea Metropolitan University
Swansea University
University of Glamorgan
University of Wales Institute Cardiff
University of Wales Newport
7
A
B
C
D
E
F
G
H
I
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The Institute of Biological,
Environmental and Rural Sciences
at Aberystwyth University is
developing new commercially
viable processes to make ethanol
from perennial ryegrass in a
ÂŁ1 million project with eight
industrial partners.
(The University has also won
ÂŁ4.9 million from BBSRC to
develop improved oat varieties).
Institute of Biological, Environmental and Rural Sciences
Wales. Business opportunity
9
academic collaboration
In Wales you’ll find specialist organisations with
industry-leading facilities, and partners who are taking
the science forward with innovative techniques.
Wales’ academic institutions are
commercially focused, and research
driven. Perfectly placed to work with
businesses, our universities and
colleges provide access to the
facilities, skills and research expertise
that are so crucial to innovating and
making technologies a commercial
success. And through targeted
support programmes, the Welsh
Assembly Government is ensuring
that businesses remain at the
forefront of technology and
manufacturing development.
And we’re always looking for
ways to bring academic skills and
industrial needs closer together.
Our approach includes working
with academia to build capacity
and support the needs of
businesses in the key sectors.
With the provision of specialist
facilities, including incubation
centres we will continue to provide
the environment to accelerate the
growth of technology and
knowledge-based businesses.
A ÂŁ40million super computer
project has been launched that
will give business and universities
in Wales access to the most
advanced computing technology
currently available. High
Performance Computing (HPC)
Wales will provide computers that
can analyse massive amounts of
data at a high speed. The main
computer hubs will be in Cardiff
and Swansea universities with links
to others and Technium business
innovation centres around Wales.
More than 100 collaborative
projects between the universities
and industry in Wales have been
identified that will benefit from
HPC technology.
Simulation and Modelling
The internationally renowned School of Engineering at
Swansea University contributed to the aerodynamics
technology in the current World Land Speed Record
car, Thrust SSC. It’s now working on the BLOODHOUND
SCC vehicle, which aims to inspire science, engineering,
technology and maths students to achieve the
seemingly impossible – a 1,000mph land speed
record vehicle. www.bloodhound.scc.com
10
The Low Carbon Research Institute (LCRI) has
ÂŁ40 million funding so far to conduct a full range of
energy research in Wales, with a vision for a low
carbon future.
The Institute of Energy at Cardiff University is
working in low carbon heat and electricity generation,
and exploring ways of integrating renewable energy
sources (including microgeneration) into the UK National
Grid. The ongoing project takes in the information
exchange between the supply and demand side, smart
meters and how they can facilitate demand-side
response, and ICT infrastructure.
The Centre for Solar Energy Research is a
joint venture between Glynd ^wr University and Technium
OpTic, funded to enable businesses to research industrial
processes for PV manufacture, among other areas.
Cardiff University’s Wound Healing Research Unit
(WHRU) is the world’s second largest specialist
wound healing centre. It works with commercial
partners such as Smith & Nephew, Johnson &
Johnson and KCI on novel therapies and wound
diagnostic technologies.
The Materials Research Centre at the School
of Engineering Swansea University is home to the
Rolls-Royce University Technology Centre. Rolls-Royce
and the EPSRC have funded the centre for ÂŁ54 million
for research into structural materials and training. The
Centre is also involved in the European Space Agency,
where they are a key member of the IMPRESS project,
researching novel intermetallic materials.
The Welsh Composite Centre also at Swansea
University drives the uptake of new composites
technology that helps companies adapt new
Here’s some examples of
collaboration across the key sectors:
developments in composites. They are presently
working in collaboration with Airbus, who are
characterising the performance of composite
materials for primary aircraft structures.
The Non-destructive Testing Validation Centre
in Port Talbot, managed by TWI, assesses NDT
methods to improve the accuracy of inspection
techniques and flow detection.
The University of Wales, Swansea’s new £28 million
Institute of Advanced Telecommunications
connects business to its communications and
software research.
The Cardiff School of Creative and Cultural
Industries, at University of Glamorgan has been
successful in winning over ÂŁ1 million worth of
competitive Academia for Business (A4B) awards
for Medialab, the centre for digital media innovation
and enterprise.
Cardiff University collaborates with Legal &
General to run a specialist medical underwriting
academy, which has already trained over 100 of
the firm’s underwriters.
Wales. Business opportunity
11
Solar Centre at Baglan Energy Park
At Baglan Energy Park we’ve invested over £2 million
in the UK’s first renewable hydrogen production and
demonstration centre to take hydrogen and other
alternative fuel technologies to market.
The Institute of Life Science (ILS) at
Swansea University is a ÂŁ52 million collaboration
between IBM and the Welsh Assembly
Government. The Institute houses Boots Centre
for Innovation (BCI) which provides a point of
contact for new ideas in healthcare and medical
research and provides researchers with access to
‘Blue C’ – one of the fastest computers in the
world dedicated to life sciences research.
12
Manufacturing is one of our
longest-established sectors,
and today our companies and
universities are developing
advanced materials for a range
of sectors including aerospace,
automotive and electronics,
and the complex manufacturing
processes for their applications.
Some of the world’s biggest
aerospace and defence companies
have bases in Wales, including
General Dynamics, EADS DS, BAE
Systems and British Airways. Wales
undertakes 35 per cent of the
UK’s MRO activity at some of the
world’s most advanced facilities.
The Airbus UK wing manufacture
centre is the biggest manufacturing
operation in the UK. St Athan has
exceptional airside hangarage
Cytec Engineered Materials
produces high-performance,
composites and specialty
materials for Boeing,
Airbus, as well as other
aircraft manufacturers. The
company has applied the
same technology to the
high performance end of the
automotive industry.
key sectors:
Advanced Materials and Manufacturing
and a completely refurbished
runway – it’s also a proposed site
for the MoD’s Defence Training
Academy. Our automotive sector
employs over 20,000 people
and has an annual turnover of
ÂŁ2 billion. Wales is close to the
UK’s core automotive centres,
and 35 of the top 100 global
automotive suppliers are based
here, including Ford and Toyota.
Our 170 automotive companies
manufacture engines and
components for brands leading the
world in advanced powertrains.
We have particular expertise
in alternative fuels hydrogen
research and technology, and we’re
pioneering low carbon powertrains.
The M4 motorway corridor, leading
into South Wales, is set to be
the UK’s first low carbon highway,
where drivers can fill up vehicles with
hydrogen, compressed natural gas
and bio-methane, as well as recharge
electric vehicles at plug-in points.
Global electronics brands are also
tapping into our skills and resources.
Sony, Panasonic and International
Rectifier are just three of the 300-plus
larger electronic companies operating
in Wales.
A skilled workforce is any company’s
most important asset and with
thousands of people in Wales already
working in manufacturing and
advanced materials – not to mention
2,000+ engineering graduates every
year from Welsh universities - there is
a wealth of talent upon which to draw.
Wales. Business opportunity
13
The UK has the largest creative
sector in the EU with 2 million
people in creative jobs. It now
makes up 7.3 per cent of the
economy and is growing at 5 per
cent per year (almost twice the
general rate of the economy).
In Wales, the audio-visual and
creative and cultural industries
employ around 24,000 people
and contribute an estimated ÂŁ750
million to the Welsh economy.
BBC Wales, Tinopolis and Welsh
language channel S4C are amongst
the largest employers in the
creative industries sector in Wales.
The Welsh Assembly Government is
making Wales a better environment
for business following the 2010
image courtesy of Universal
Whilst many locations in Wales
are hidden gems waiting to be
discovered by film makers, the
country has hosted many large-
scale productions over recent
years including feature films such
as Harry Potter and the Deathly
Hallows: Part 1, Robin Hood,
Ironclad, Clash of the Titans, and
many more. Coupled with this,
Wales is booming as a centre for
TV drama with the success of such
series as Doctor Who, Torchwood,
Merlin and Gavin and Stacey, all
attracting huge viewing figures in
the UK and overseas.
Creative Industries
Hargreaves Review,
which aims to make creative
businesses more competitive
nationally and globally.
Our key resources include locations
for film and television productions.
Wales has a stunning variety
of natural landscape locations
ranging from craggy mountain
peaks and cascading waterfalls
to wild moorlands, picturesque
coastline and historic castles in
approximately 8,000 square miles.
Wales’ locations are so versatile
that they have doubled for China,
Korea, the deserts of Arabia, and
even other planets.
And it’s so accessible - our capital
city, Cardiff, is only two hours
by car or train from London
and Cardiff Airport connects
you to continental Europe and
international destinations.
On behalf of the Welsh Assembly
Government, Creative Business
Wales provides focused,
sophisticated support to the growth
of Wales-based creative businesses.
Part of this is the Wales Screen
Commission, which offers
comprehensive information and
support on locations, facilities,
crew and local services throughout
Wales. They are strategically linked
to all the key stakeholders including
Finance Wales which administers
the Wales Creative IP Fund.
14
2
1
Neath
Swansea
Llanelli
Merthyr Tydfil
Pontypridd
Newport
Bristol
Barry
Port
Talbot
Bridgend
CARDIFF
Welsh Assembly Government highways depots
Proposed EV facility (rapid charge)
Renewable H2 Demonstration Centre with existing multi re-fuelling facility1
University of Glamorgan mobile multi re-fuelling facility (2010)2
Existing hydrogen production facilities
Possible sites for mobile multi fuel facility
Wales has one of the UK’s
best-established sustainable
technologies sectors, worth ÂŁ3.2
billion and employing over 40,000
people, covering areas as diverse
as sustainable building, renewable
energy, recovery and recycling, and
environmental services.
Global players are already taking
advantage of the abounding
natural and intellectual resources in
Wales, such as npower renewables,
E.On, EDF, Prenergy, Western
Energy, UPM and AMEC.
Welsh coal powered the industrial
revolution, but today we’re taking
a leading role in low carbon and
sustainable energy such as wind,
tide, hydro-electric and biomass.
“Wales is leading the way in
tackling climate change and we
will continue to be a flagship for
what we hope will be the start
of a major move away from the
use of fossil fuels for transport
and in buildings.”
Jane Davidson
Welsh Assembly
Government, Minister for
the Environment
Energy and Environment
Our groundbreaking research into
hydrogen technologies has won
South Wales designation as the UK’s
Low Carbon Economic Area (LCEA)
for alternative transport fuels.
As a country we’re committed to
becoming a low carbon economy
and we’ve set ourselves targets,
well beyond the UK and EU’s, to get
there. We’re also making substantial
investments to help deliver and
implement technology such as
ÂŁ30 million in retrofitting energy
efficiency measures in buildings.
We’re also equipping more of
our people to work in sustainable
technologies: the new British
Gas Training Centre in Tredegar
will train over a thousand people
in green skills every year, and our
universities produce graduates
in disciplines such as low carbon
technologies, renewable energy,
marine sciences, environmental
science and the built environment.
In Wales, policy strategy, investment,
research and business go hand-
in-hand. With more investment
and commercial opportunities
(potentially ÂŁ50 billion for large
renewables and other low-carbon
electricity projects over the next 10-
15 years), there’s good reason to be
in Wales.
Wales. Business opportunity
15
“Admiral is going from strength
to strength as our recruitment
figures show. Our customer base
continues to grow so we need the
right people to help meet
the demand.”
Ceri Assiratti,
People Services Manager,
Admiral Group who employ over
3,000 people in Cardiff, Swansea
and Newport and includes the well
known services, confused.com and
elephant.co.uk
Financial and Professional Services
Wales is just two hours’ drive
from Europe’s leading financial
powerhouse in London. It’s
a very cost-competitive base
that’s equipped with super-fast
broadband infrastructure, and
there are big opportunities for
growth in areas such as insurance,
asset management, funds
management and pensions as the
UK banking industry is restructured.
One of our greatest strengths is
our human resources, and there’s
a wealth of skilled, enthusiastic
and loyal people especially
around the financial and business
hubs of Cardiff, Newport and
Swansea. Our 10 universities
produce around 5,000 graduates
in business and ICT disciplines
that are tailor-made for careers in
business and financial services.
This is one of the UK’s fastest
growing locations for financial
services, and, according to new
research, the preferred location for
contact and shared service centres
in the UK. In Wales, home-grown
businesses compete alongside
major financial services firms such
as Zurich, GE, GMAC, HBOS, Lloyds
TSB, HSBC and Legal & General,
whose largest UK office is in Cardiff.
We have a growing reputation
for strengths in outsourced
HR, legal and other corporate
services. Tesco, the AA, British
Gas, Companies House and the
Office of National Statistics have
established business service
operations in Wales, and price
comparison businesses including
confused.com. gocompare.com
and moneysupermarket.com are
also based here.
The financial services sector
currently employs more than
32,000 people across 1,800
companies in Wales, and
professional services over 150
companies covering retail, utilities,
ICT support and financial services
to motoring services, taxation and
legal services.
16
In addition to being an important
industry sector, the application
of ICT drives productivity and
competitiveness across the
whole economy. Increased trade
and globalisation is enabled by
ICT, creating a flatter world with
more competition and more
opportunities for Welsh businesses.
The ICT sector in Wales spans
electronics, software and
services with a healthy mix of
large multinationals and home-
grown businesses. With over
1200 operations – among them
Fujitsu Services, BT, Mitel, Logica,
EADS DS, SAIC, and IBM –
employing over 33,000 people and
contributing around ÂŁ1 billion to
the Welsh economy.
“Two key factors made the
difference – access to skills
and the approach of the Welsh
Assembly Government. The ability
to draw on high calibre university
graduates has been a significant
contributor to our growth.”
Mike Greenway OBE; Senior
Commercial Consultant, EADS
Defence and Security. Since
establishing a base in Wales in
2002 the company has tripled
in size and become a worldwide
Centre of Excellence for secure
communications technology.
Information and Communications Technologies
We know that technology business
depends on infrastructure –
which is why the Welsh Assembly
Government has recently
committed to rolling out the UK’s
first, all region, next generation
network which will offer, as a
minimum to businesses by 2016
and homes by 2020, a synchronous
100mbs service in urban areas and
30mbs to rural locations. This is in
addition to previous investments
such as the ÂŁ30 million open
access fibre network in North
Wales and BT’s own investment
in super fast broadband across
the country.
There’s another kind of connection
that’s also behind the success
of this sector in Wales. The M4
motorway is a physical highway that
runs from London to West Wales,
with countless technology players
right the way along it, for example in
Reading, Bracknell, Swindon and of
course Cardiff, from where London
is just two hours away.
This kind of connectivity makes
Wales a perfect base for tapping into
Europe’s £400 billion ICT economy.
Wales. Business opportunity
17
Wales is competing on the
global stage in life sciences.
Our companies and world-
leading university departments
are driving research to create
new technologies in this
constantly evolving sector.
Companies based here include
some leading players in our
specialist areas such as: medical
technology (Biomet UK,
Huntleigh and Gyrus ACMI, an
Olympus company); diagnostics
(Siemens Healthcare Diagnostics,
Gen-Probe and OrthoClinical
Diagnostics); wound healing
(ConvaTec, ZooBiotic and
Frontier Medical Group); and
contract research organisations
(Aptuit, Biotec Services
International and Penn Pharma).
“What’s happening here in Wales
is comparable to many biotech
hubs around the world, with a
concentration of expertise and
R&D excellence.”
Dr. Stephen Minger, Head
of Research and Development
for Cell Technologies at GE
Healthcare, Cardiff, home to the
Company’s international centre for
groundbreaking work in stem
cell technologies.
Life Sciences
GE Healthcare in Cardiff is home to
the company’s international centre
for groundbreaking work in stem
cell technologies and BTG, the UK’s
biggest biotechnology group, is
based in mid-west Wales. Wales
also has the UK’s largest cluster
of in-vitro diagnostic companies,
and other leading companies in
Wales include Albany Molecular
Research, Inc. (AMRI), Quay
Pharma and Quotient Bioresearch.
These are just some of the 330
life sciences companies here
that employ over 15,000 people
and contribute more than ÂŁ1.3
billion to the Welsh economy.
The sector has grown in Wales by
over 19 per cent in the last three
years, and the people working
here are some of the finest
scientific minds in the world.
Siemens Healthcare Diagnostics
Products Ltd relocated the majority
of its manufacturing and distribution
operations from Los Angeles to
their Llanberis, North Wales site.
Ortho Clinical Diagnostics is
drawing on a rich mixture of
scientists, engineers and quality
and regulatory personnel in South
Wales and from the M4 corridor.
Biomet, global leader in the
orthopaedics market, have their
largest European subsidiary
and UK headquarters in
Bridgend, South Wales.
Larval therapy firm ZooBiotic
was the first spin-out from an
NHS trust in the UK and is now
the dominant global player.
18
your partner for growth
Based on this experience we’ve put
together an outstanding package
of support, and we’ll give you a
single, dedicated contact to help
you build your business here.
The Welsh Assembly Government
gives you easy access to key
decision-makers in government
and private sector specialists,
to help fast-track your location
to Wales.
Of course, every business is
different. So we’ll listen to what
you say you need and bring
together everything required to
make it happen. From people and
property solutions, through to
access to finance and international
trading opportunities. We can even
help with obtaining work permits,
finding a home and locating the
right schools.
Long after you decide to locate in
Wales, we will still be here to
support your business. Because
once you’re here, we’re sure you’ll
want to stay.
People and training
A skilled workforce is among a
company’s most important assets.
Fortunately, in Wales we’ve got
thousands of skilled, loyal staff
in all our core sectors, and our
universities supply over 34,000
graduates every year. With our
track record of academic-industrial
collaboration, our graduates are
ready to join your company and
hit the ground running. Once
you’ve worked in Wales, generally
In Wales we know what inward investors need, and
the commercial pressures you face - we’ve been
helping companies locate here for decades.
you’ll want to stay. That explains
why staff retention is higher than
the UK average into the potential
labour market.
We want to keep it that way. To help
things along, the Welsh Assembly
Government’s ProAct is a financial
support package to help fund
training needs during the downturn,
which with its successor the Skills
Growth Wales, totals ÂŁ48 million.
Wales. Business opportunity
“Ford Motor Company are
delighted to have worked in
partnership with the Welsh
Assembly Government. The support
received has enabled the Company
to invest significantly in our
Bridgend engine plant and
demonstrates the mutual benefit
when the public and private sector
join forces in Wales.”
Kieran Cahill, Plant Manager,
Ford. The company has been
successfully manufacturing in
South Wales for over 30 years. Its
Bridgend engine plant – the biggest
in Europe – is focused on the Eco
Boost range offering a 20 per cent
reduction in emissions.
19
Llanelli Gate Business Park
20
“The most important
factors behind our decision
to come to Wales were
lower operating costs, good
logistics, the quality of
training available and the
skilled workforce right on
our doorstep.”
Martin Coysh, Manager
Continuous Improvement,
British Airways
Maintenance Cardiff
(BAMC).
The capacity of the site
will allow BAMC to take on
further work as new aircrafts
come on line with BA.
Property
Wales has an exceptional variety
of business property – from
serviced offices and industrial
units, to incubator facilities linked
to academic R&D arms, and even
property with runway access or
dedicated airspace.
Baglan Energy Park is a key hub
in Wales’ low carbon future
as it’s home to the Hydrogen
Research Centre. SA1 in Swansea
accommodates mixed business
uses in a regenerated waterfront
setting that’s become an EU best
practice benchmark. Roath Basin in
Cardiff Bay is a beautifully designed
commercial development that’s
ideal for media, creative and life
sciences businesses.
Our sites are among the best in
Europe: ParcAberporth is Europe’s
only test and development site
for unmanned aerial vehicles with
dedicated over-sea and over-
land civil and military fly zones;
St. Athan has exceptional airside
hangarage and a completely
refurbished runway – it’s also
a proposed site for the MOD’s
Defence Training Academy.
We have several innovation centres
across Wales. They exist to speed
up the growth of knowledge-based
businesses through collaboration
with other companies and
university departments. Individual
sites specialise in areas such
as performance engineering,
optoelectronics, software computer
science, sustainable technologies
and electronic devices.
We have the most experienced
property team in Europe, and
they’re dedicated to finding
you your ideal base. You may
also be eligible to access free
accommodation and a specialist
support package worth nearly
ÂŁ15,000, through Access Wales:
www.ibwales.com/accesswales
Another thing we’ve got plenty of
in Wales is space, which means we
can meet your expansion plans
in the future, for example with
custom-built property solutions
that deliver exactly what you need.
You might think all this comes at a
high price. But property in Wales
is among the lowest priced in the
UK, with Cardiff office space some
40 per cent less than London.
And our capital city is rated in the
top 10 best UK cities to locate a
business (source: 2007 Cushman &
Wakefield UK Cities Monitor).
Amazon approached us to find a 30-acre (800,000 sq ft) site,
and from the initial enquiry we took just 100 days to find the
site, secure planning and grant approval and start building.
Wales. Business opportunity
21
Access to funding
Financial support is often a
critical factor for businesses
on the move. We encourage
business growth by identifying
sources of support and funding
in areas such as skills development,
academic collaboration and
business expansion.
Businesses in Wales can access
commercial finance from a variety
of sources. A number of financial
institutions operate in Wales such
as Finance Wales who provides
commercial finance through loans,
venture capital packages and
introductions to investors through
their xénos Business Angel Network.
The Welsh Assembly Government
can provide a level of investment
across sectors including: advanced
materials and manufacturing;
creative industries; financial and
professional services; energy
and environment; ICT and life
sciences. These investment will be
repayable although the terms will
vary depending on the purpose
and size of the financial package.
Consideration will be given to
businesses falling in other sectors
on a case by case basis, delivered
swiftly and responsively.
International trading
Companies across Wales are
exporting to a broad range of
overseas markets, contributing
some ÂŁ10.7 billion to UK exports.
Part of our support is helping
you add to that by accessing
international markets.
With our global network and
contacts we’ll do whatever we
can to help you - whether it’s
establishing your presence at a
trade show, or connecting you to
a potential global partner that’s
looking for your kind of business.
Parc Aberporth site – over-sea and over-land fly zone
Throughout the country there are stunning
landscapes and breathtaking coastal views,
all within minutes of the major towns and cities.
The country boasts sports and cultural
facilities that stand comparison with
anything in Europe. This includes the
showpiece Millennium Stadium which has
hosted an IRB Rugby World Cup final and
five FA Cup finals and the awe inspiring
Wales Millennium Centre, venue for major
operas, musicals and other
top performances.
a balanced lifestyle
Once you’re satisfied that Wales meets all your business
objectives, consider what it offers your lifestyle.
There are nearly 180 golf courses across
Wales, including The Celtic Manor Resort –
host of The 2010 Ryder Cup.
Moreover Wales has more medieval castles
than any location of comparable size in the
world, along with a host of other historic
sites, from the Iron Age through
to the industrial revolution.
All of this makes Wales a place where
you and your team will want to live,
work and build a profitable business.
22
Wales. Business opportunity
23
24
Wales. Business opportunity
“Quite apart from the support
network and the workforce,
other elements, such as the
infrastructure, transport
links and even the Welsh
landscape make this location
a perfect environment for us
to do business. As far as I am
concerned, there is nowhere
else the company should be.”
John Smith
General Manager, Corporate
Office, Calsonic Kansei.
For more information contact:
Welsh Assembly Government,
Plas Glyndwr, Kingsway,
Cardiff, CF10 3AH, Wales, UK
Email: ibwales@wales.gsi.gov.uk
Web: www.ibwales.com
Tel: +44(0)1443 845500
WAG 10-03359/23-08-2010/CMK-22-03-253
Typeset in 12pt / © Crown copyright 2010ISBN No. 978 0 7504 5654 8

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Wales Business Opportunity Guide

  • 2. Wales. Business opportunity Our vision is of a Welsh economy built upon the strengths and skills of its people and natural environment, recognised at home and abroad as confident, creative and ambitious; a great place to live and work. Senedd, National Assembly for Wales, Cardiff Bay
  • 3. contents 1 2 Welcome to Wales 4 Why Wales? 6 Keeping good company 8 Academic collaboration Key sectors: 10 Advanced Materials and Manufacturing 11 Creative Industries 12 Energy and Environment 13 Financial and Professional Services 14 Information and Communications Technologies 15 Life Sciences Support: 16 Your partner for growth 17 Property 18 Access to funding and international trading 19 A balanced lifestyle
  • 4. New York Wales is a very distinctive country. We’re constantly working to create the right environment for business - to equip the private sector in Wales with the tools to compete as a high-value player in the global economy. The Welsh economy is built upon the strengths and skills of our people and natural environments, we’re a confident, creative and ambitious nation; a great place to live and work. For years, our government has invested millions in making our cities and regions excellent bases for companies in all kinds of sectors. And we’re incredibly proud of our country – and more than anything we want new people to come and share some of the great things going on here. We’ve got a way of making things happen in Wales. For example, when we set out to be the host nation for The 2010 Ryder Cup, we were up against England, Sweden and even Scotland, the home of golf. But, we clinched it. Why? In Wales, our facilities, resources, skills and enthusiasm are well above par. And we’re always ready to go the extra mile – just so your business can play to win in Wales. You can be part of a thriving knowledge economy, linked to key UK business hubs with a first class transport infrastructure, but pay less for some of the best property around. You get access to industry-focused R&D in our universities and a skilled, loyal workforce too. Our rich and varied culture and stunning environment not only make Wales the perfect place to grow your business but also to enjoy an enviable lifestyle. In the last 40 years, over 700 international companies have located to Wales, creating impressive supply chains across key industrial sectors. We look forward to welcoming you too. welcome to Wales 2 Wales. Business opportunity “We looked at various locations around the UK and there were grants and incentives available in all of them. However, people are by far the biggest factor in our business and we found a rich vein of talented people in Cardiff, and city- centre accommodation close to transport so we could access those people. Wales ticked all the boxes for us.” Adrian Clark; site director for Legal & General at Cardiff which is now the largest office in the group with 2,200 staff.
  • 5. London WALES Dubai Bangalore Mumbai Sydney Tokyo Beijing Shanghai Dublin Manchester Edinburgh Airport Wales Container port Liverpool John Lennon Liverpool Cardiff Dublin Milford Haven Bristol London Heathrow Gatwick Holyhead Easy access within Europe Cardiff Airport Direct Flights to Amsterdam, Paris, Berlin Bristol Airport (1hr from Cardiff) Direct flights to New York, Brussels, Frankfurt, Canada Heathrow and Gatwick 2hrs from Cardiff Cardiff Container Port Access to Ireland and Mediterranean ports, with nearby Bristol (1hr) and Southampton Container Ports (2.5hrs) 3 Location map: overseas offices
  • 6. why Wales? We strive to create the right environment for business, and we’ve been actively helping companies locate and prosper in Wales for decades. Here are just some of the reasons why you could succeed in Wales: 10 Great reasons for Wales 1. Skills: Wales has a long tradition of engineering and manufacturing excellence, and established capabilities in IT, financial and professional services, and technologies in sectors ranging from life sciences to entire low carbon economies. All this is underpinned by a highly skilled, loyal and competitive workforce and driven forward by research and thousands of graduates from Wales’ leading universities. 2. Industry-led academic research: Welsh universities and companies are pioneering tomorrow’s technology through extensive collaboration. 3. Pro-business Government: we’ll make sure policy and strategy makers in the Welsh Assembly Government listen to you. 4. Proximity to UK hubs and European Marketplace: as well as being a destination in itself, Wales gives you easy access to key industry hubs in the UK. With great roads, rail and air links to England, Europe and to the rest of the world. 5. Communications infrastructure: our broadband infrastructure includes a fibre- based open access network in North Wales, and the Welsh Assembly Government has committed to rolling out a next generation broadband to all businesses by 2016 and all homes by 2020, offering at least 100Mbps in urban areas and 30Mbps to rural locations. 6. Property: competitively priced commercial and industrial property, with lower domestic property prices than much of the UK. 7. Access to funding: we encourage growth by finding the right support for you, in areas such as skills development, academic collaboration and business expansion. 8. Industry networks: talk to potential business partners, and access a high quality supply chain. 9. Ongoing support: targeted business support for key sectors including: advanced materials and manufacturing; creative industries; financial and professional services; energy and environment; ICT and life sciences. 10. Exceptional quality of life: stunning landscapes and beautiful beaches, cultural and sports facilities including the Millennium Stadium (hosting international rugby matches and FA Cup finals). Wales. Business opportunity 4
  • 7. 5 Atraverda - Advanced bi-polar batteries
  • 8. 6 keeping good company Your business will be in the very best of company in Wales – some of the key universities and organisations profiting from your presence in Wales. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Wales. Business opportunity
  • 9. M4 M50 Derby Gaydon Sunderland Ellesmere Port Halewood Oxford Swindon London M5 M4 Cwmbran Bridgend CARDIFF Cardiff Airport SWANSEA Flint Wrexham Tredegar Resolven Llanelli Crumlin Ruthin Deeside Welshpool St AsaphLLANDUDNO Conwy Newport 8 12 1 Abertillery 2 Pontypool 22 16 Ebbw Vale 617 11 21 3 14 5 7 19189 15 20 10 13 4 Swansea Airport Pembrey Airport Mid Wales Airport M4 London Manchester M4 A55 Cwmbran Pembroke Bridgend CARDIFF Cardiff Airport SWANSEA Wrexham Welshpool Llandudno Deeside Broughton Conwy Newport Aberystwyth 8 7 13 19 11 14 14 1 12 13 6 6 3 6 6 1 13 5 13 1 Pontyclun 18 2 Llanberis Holyhead 17 Blackwood Rhymney Valley 10 Nantgarw 9 1620 20 4 15 Swansea Airport Pembrey Airport Mid Wales Airport M4 M50 Derby Gaydon Sunderland Ellesmere Port Halewood Oxford Swindon London M5 M4 Cwmbran Bridgend CARDIFF Cardiff Airport SWANSEA Flint Wrexham Tredegar Resolven Llanelli Crumlin Ruthin Deeside Welshpool St AsaphLLANDUDNO Conwy Newport 8 12 1 Abertillery 2 Pontypool 22 16 Ebbw Vale 617 11 21 3 14 5 7 19189 15 20 10 13 4 Swansea Airport Pembrey Airport Mid Wales Airport Universities Aberystwyth University Bangor University Cardiff University Glynd ^wr University Swansea Metropolitan University Swansea University University of Glamorgan University of Wales Institute Cardiff University of Wales Newport 7 A B C D E F G H I
  • 10. 8 The Institute of Biological, Environmental and Rural Sciences at Aberystwyth University is developing new commercially viable processes to make ethanol from perennial ryegrass in a ÂŁ1 million project with eight industrial partners. (The University has also won ÂŁ4.9 million from BBSRC to develop improved oat varieties). Institute of Biological, Environmental and Rural Sciences Wales. Business opportunity
  • 11. 9 academic collaboration In Wales you’ll find specialist organisations with industry-leading facilities, and partners who are taking the science forward with innovative techniques. Wales’ academic institutions are commercially focused, and research driven. Perfectly placed to work with businesses, our universities and colleges provide access to the facilities, skills and research expertise that are so crucial to innovating and making technologies a commercial success. And through targeted support programmes, the Welsh Assembly Government is ensuring that businesses remain at the forefront of technology and manufacturing development. And we’re always looking for ways to bring academic skills and industrial needs closer together. Our approach includes working with academia to build capacity and support the needs of businesses in the key sectors. With the provision of specialist facilities, including incubation centres we will continue to provide the environment to accelerate the growth of technology and knowledge-based businesses. A ÂŁ40million super computer project has been launched that will give business and universities in Wales access to the most advanced computing technology currently available. High Performance Computing (HPC) Wales will provide computers that can analyse massive amounts of data at a high speed. The main computer hubs will be in Cardiff and Swansea universities with links to others and Technium business innovation centres around Wales. More than 100 collaborative projects between the universities and industry in Wales have been identified that will benefit from HPC technology. Simulation and Modelling The internationally renowned School of Engineering at Swansea University contributed to the aerodynamics technology in the current World Land Speed Record car, Thrust SSC. It’s now working on the BLOODHOUND SCC vehicle, which aims to inspire science, engineering, technology and maths students to achieve the seemingly impossible – a 1,000mph land speed record vehicle. www.bloodhound.scc.com
  • 12. 10 The Low Carbon Research Institute (LCRI) has ÂŁ40 million funding so far to conduct a full range of energy research in Wales, with a vision for a low carbon future. The Institute of Energy at Cardiff University is working in low carbon heat and electricity generation, and exploring ways of integrating renewable energy sources (including microgeneration) into the UK National Grid. The ongoing project takes in the information exchange between the supply and demand side, smart meters and how they can facilitate demand-side response, and ICT infrastructure. The Centre for Solar Energy Research is a joint venture between Glynd ^wr University and Technium OpTic, funded to enable businesses to research industrial processes for PV manufacture, among other areas. Cardiff University’s Wound Healing Research Unit (WHRU) is the world’s second largest specialist wound healing centre. It works with commercial partners such as Smith & Nephew, Johnson & Johnson and KCI on novel therapies and wound diagnostic technologies. The Materials Research Centre at the School of Engineering Swansea University is home to the Rolls-Royce University Technology Centre. Rolls-Royce and the EPSRC have funded the centre for ÂŁ54 million for research into structural materials and training. The Centre is also involved in the European Space Agency, where they are a key member of the IMPRESS project, researching novel intermetallic materials. The Welsh Composite Centre also at Swansea University drives the uptake of new composites technology that helps companies adapt new Here’s some examples of collaboration across the key sectors: developments in composites. They are presently working in collaboration with Airbus, who are characterising the performance of composite materials for primary aircraft structures. The Non-destructive Testing Validation Centre in Port Talbot, managed by TWI, assesses NDT methods to improve the accuracy of inspection techniques and flow detection. The University of Wales, Swansea’s new ÂŁ28 million Institute of Advanced Telecommunications connects business to its communications and software research. The Cardiff School of Creative and Cultural Industries, at University of Glamorgan has been successful in winning over ÂŁ1 million worth of competitive Academia for Business (A4B) awards for Medialab, the centre for digital media innovation and enterprise. Cardiff University collaborates with Legal & General to run a specialist medical underwriting academy, which has already trained over 100 of the firm’s underwriters. Wales. Business opportunity
  • 13. 11 Solar Centre at Baglan Energy Park At Baglan Energy Park we’ve invested over ÂŁ2 million in the UK’s first renewable hydrogen production and demonstration centre to take hydrogen and other alternative fuel technologies to market. The Institute of Life Science (ILS) at Swansea University is a ÂŁ52 million collaboration between IBM and the Welsh Assembly Government. The Institute houses Boots Centre for Innovation (BCI) which provides a point of contact for new ideas in healthcare and medical research and provides researchers with access to ‘Blue C’ – one of the fastest computers in the world dedicated to life sciences research.
  • 14. 12 Manufacturing is one of our longest-established sectors, and today our companies and universities are developing advanced materials for a range of sectors including aerospace, automotive and electronics, and the complex manufacturing processes for their applications. Some of the world’s biggest aerospace and defence companies have bases in Wales, including General Dynamics, EADS DS, BAE Systems and British Airways. Wales undertakes 35 per cent of the UK’s MRO activity at some of the world’s most advanced facilities. The Airbus UK wing manufacture centre is the biggest manufacturing operation in the UK. St Athan has exceptional airside hangarage Cytec Engineered Materials produces high-performance, composites and specialty materials for Boeing, Airbus, as well as other aircraft manufacturers. The company has applied the same technology to the high performance end of the automotive industry. key sectors: Advanced Materials and Manufacturing and a completely refurbished runway – it’s also a proposed site for the MoD’s Defence Training Academy. Our automotive sector employs over 20,000 people and has an annual turnover of ÂŁ2 billion. Wales is close to the UK’s core automotive centres, and 35 of the top 100 global automotive suppliers are based here, including Ford and Toyota. Our 170 automotive companies manufacture engines and components for brands leading the world in advanced powertrains. We have particular expertise in alternative fuels hydrogen research and technology, and we’re pioneering low carbon powertrains. The M4 motorway corridor, leading into South Wales, is set to be the UK’s first low carbon highway, where drivers can fill up vehicles with hydrogen, compressed natural gas and bio-methane, as well as recharge electric vehicles at plug-in points. Global electronics brands are also tapping into our skills and resources. Sony, Panasonic and International Rectifier are just three of the 300-plus larger electronic companies operating in Wales. A skilled workforce is any company’s most important asset and with thousands of people in Wales already working in manufacturing and advanced materials – not to mention 2,000+ engineering graduates every year from Welsh universities - there is a wealth of talent upon which to draw. Wales. Business opportunity
  • 15. 13 The UK has the largest creative sector in the EU with 2 million people in creative jobs. It now makes up 7.3 per cent of the economy and is growing at 5 per cent per year (almost twice the general rate of the economy). In Wales, the audio-visual and creative and cultural industries employ around 24,000 people and contribute an estimated ÂŁ750 million to the Welsh economy. BBC Wales, Tinopolis and Welsh language channel S4C are amongst the largest employers in the creative industries sector in Wales. The Welsh Assembly Government is making Wales a better environment for business following the 2010 image courtesy of Universal Whilst many locations in Wales are hidden gems waiting to be discovered by film makers, the country has hosted many large- scale productions over recent years including feature films such as Harry Potter and the Deathly Hallows: Part 1, Robin Hood, Ironclad, Clash of the Titans, and many more. Coupled with this, Wales is booming as a centre for TV drama with the success of such series as Doctor Who, Torchwood, Merlin and Gavin and Stacey, all attracting huge viewing figures in the UK and overseas. Creative Industries Hargreaves Review, which aims to make creative businesses more competitive nationally and globally. Our key resources include locations for film and television productions. Wales has a stunning variety of natural landscape locations ranging from craggy mountain peaks and cascading waterfalls to wild moorlands, picturesque coastline and historic castles in approximately 8,000 square miles. Wales’ locations are so versatile that they have doubled for China, Korea, the deserts of Arabia, and even other planets. And it’s so accessible - our capital city, Cardiff, is only two hours by car or train from London and Cardiff Airport connects you to continental Europe and international destinations. On behalf of the Welsh Assembly Government, Creative Business Wales provides focused, sophisticated support to the growth of Wales-based creative businesses. Part of this is the Wales Screen Commission, which offers comprehensive information and support on locations, facilities, crew and local services throughout Wales. They are strategically linked to all the key stakeholders including Finance Wales which administers the Wales Creative IP Fund.
  • 16. 14 2 1 Neath Swansea Llanelli Merthyr Tydfil Pontypridd Newport Bristol Barry Port Talbot Bridgend CARDIFF Welsh Assembly Government highways depots Proposed EV facility (rapid charge) Renewable H2 Demonstration Centre with existing multi re-fuelling facility1 University of Glamorgan mobile multi re-fuelling facility (2010)2 Existing hydrogen production facilities Possible sites for mobile multi fuel facility Wales has one of the UK’s best-established sustainable technologies sectors, worth ÂŁ3.2 billion and employing over 40,000 people, covering areas as diverse as sustainable building, renewable energy, recovery and recycling, and environmental services. Global players are already taking advantage of the abounding natural and intellectual resources in Wales, such as npower renewables, E.On, EDF, Prenergy, Western Energy, UPM and AMEC. Welsh coal powered the industrial revolution, but today we’re taking a leading role in low carbon and sustainable energy such as wind, tide, hydro-electric and biomass. “Wales is leading the way in tackling climate change and we will continue to be a flagship for what we hope will be the start of a major move away from the use of fossil fuels for transport and in buildings.” Jane Davidson Welsh Assembly Government, Minister for the Environment Energy and Environment Our groundbreaking research into hydrogen technologies has won South Wales designation as the UK’s Low Carbon Economic Area (LCEA) for alternative transport fuels. As a country we’re committed to becoming a low carbon economy and we’ve set ourselves targets, well beyond the UK and EU’s, to get there. We’re also making substantial investments to help deliver and implement technology such as ÂŁ30 million in retrofitting energy efficiency measures in buildings. We’re also equipping more of our people to work in sustainable technologies: the new British Gas Training Centre in Tredegar will train over a thousand people in green skills every year, and our universities produce graduates in disciplines such as low carbon technologies, renewable energy, marine sciences, environmental science and the built environment. In Wales, policy strategy, investment, research and business go hand- in-hand. With more investment and commercial opportunities (potentially ÂŁ50 billion for large renewables and other low-carbon electricity projects over the next 10- 15 years), there’s good reason to be in Wales. Wales. Business opportunity
  • 17. 15 “Admiral is going from strength to strength as our recruitment figures show. Our customer base continues to grow so we need the right people to help meet the demand.” Ceri Assiratti, People Services Manager, Admiral Group who employ over 3,000 people in Cardiff, Swansea and Newport and includes the well known services, confused.com and elephant.co.uk Financial and Professional Services Wales is just two hours’ drive from Europe’s leading financial powerhouse in London. It’s a very cost-competitive base that’s equipped with super-fast broadband infrastructure, and there are big opportunities for growth in areas such as insurance, asset management, funds management and pensions as the UK banking industry is restructured. One of our greatest strengths is our human resources, and there’s a wealth of skilled, enthusiastic and loyal people especially around the financial and business hubs of Cardiff, Newport and Swansea. Our 10 universities produce around 5,000 graduates in business and ICT disciplines that are tailor-made for careers in business and financial services. This is one of the UK’s fastest growing locations for financial services, and, according to new research, the preferred location for contact and shared service centres in the UK. In Wales, home-grown businesses compete alongside major financial services firms such as Zurich, GE, GMAC, HBOS, Lloyds TSB, HSBC and Legal & General, whose largest UK office is in Cardiff. We have a growing reputation for strengths in outsourced HR, legal and other corporate services. Tesco, the AA, British Gas, Companies House and the Office of National Statistics have established business service operations in Wales, and price comparison businesses including confused.com. gocompare.com and moneysupermarket.com are also based here. The financial services sector currently employs more than 32,000 people across 1,800 companies in Wales, and professional services over 150 companies covering retail, utilities, ICT support and financial services to motoring services, taxation and legal services.
  • 18. 16 In addition to being an important industry sector, the application of ICT drives productivity and competitiveness across the whole economy. Increased trade and globalisation is enabled by ICT, creating a flatter world with more competition and more opportunities for Welsh businesses. The ICT sector in Wales spans electronics, software and services with a healthy mix of large multinationals and home- grown businesses. With over 1200 operations – among them Fujitsu Services, BT, Mitel, Logica, EADS DS, SAIC, and IBM – employing over 33,000 people and contributing around ÂŁ1 billion to the Welsh economy. “Two key factors made the difference – access to skills and the approach of the Welsh Assembly Government. The ability to draw on high calibre university graduates has been a significant contributor to our growth.” Mike Greenway OBE; Senior Commercial Consultant, EADS Defence and Security. Since establishing a base in Wales in 2002 the company has tripled in size and become a worldwide Centre of Excellence for secure communications technology. Information and Communications Technologies We know that technology business depends on infrastructure – which is why the Welsh Assembly Government has recently committed to rolling out the UK’s first, all region, next generation network which will offer, as a minimum to businesses by 2016 and homes by 2020, a synchronous 100mbs service in urban areas and 30mbs to rural locations. This is in addition to previous investments such as the ÂŁ30 million open access fibre network in North Wales and BT’s own investment in super fast broadband across the country. There’s another kind of connection that’s also behind the success of this sector in Wales. The M4 motorway is a physical highway that runs from London to West Wales, with countless technology players right the way along it, for example in Reading, Bracknell, Swindon and of course Cardiff, from where London is just two hours away. This kind of connectivity makes Wales a perfect base for tapping into Europe’s ÂŁ400 billion ICT economy. Wales. Business opportunity
  • 19. 17 Wales is competing on the global stage in life sciences. Our companies and world- leading university departments are driving research to create new technologies in this constantly evolving sector. Companies based here include some leading players in our specialist areas such as: medical technology (Biomet UK, Huntleigh and Gyrus ACMI, an Olympus company); diagnostics (Siemens Healthcare Diagnostics, Gen-Probe and OrthoClinical Diagnostics); wound healing (ConvaTec, ZooBiotic and Frontier Medical Group); and contract research organisations (Aptuit, Biotec Services International and Penn Pharma). “What’s happening here in Wales is comparable to many biotech hubs around the world, with a concentration of expertise and R&D excellence.” Dr. Stephen Minger, Head of Research and Development for Cell Technologies at GE Healthcare, Cardiff, home to the Company’s international centre for groundbreaking work in stem cell technologies. Life Sciences GE Healthcare in Cardiff is home to the company’s international centre for groundbreaking work in stem cell technologies and BTG, the UK’s biggest biotechnology group, is based in mid-west Wales. Wales also has the UK’s largest cluster of in-vitro diagnostic companies, and other leading companies in Wales include Albany Molecular Research, Inc. (AMRI), Quay Pharma and Quotient Bioresearch. These are just some of the 330 life sciences companies here that employ over 15,000 people and contribute more than ÂŁ1.3 billion to the Welsh economy. The sector has grown in Wales by over 19 per cent in the last three years, and the people working here are some of the finest scientific minds in the world. Siemens Healthcare Diagnostics Products Ltd relocated the majority of its manufacturing and distribution operations from Los Angeles to their Llanberis, North Wales site. Ortho Clinical Diagnostics is drawing on a rich mixture of scientists, engineers and quality and regulatory personnel in South Wales and from the M4 corridor. Biomet, global leader in the orthopaedics market, have their largest European subsidiary and UK headquarters in Bridgend, South Wales. Larval therapy firm ZooBiotic was the first spin-out from an NHS trust in the UK and is now the dominant global player.
  • 20. 18 your partner for growth Based on this experience we’ve put together an outstanding package of support, and we’ll give you a single, dedicated contact to help you build your business here. The Welsh Assembly Government gives you easy access to key decision-makers in government and private sector specialists, to help fast-track your location to Wales. Of course, every business is different. So we’ll listen to what you say you need and bring together everything required to make it happen. From people and property solutions, through to access to finance and international trading opportunities. We can even help with obtaining work permits, finding a home and locating the right schools. Long after you decide to locate in Wales, we will still be here to support your business. Because once you’re here, we’re sure you’ll want to stay. People and training A skilled workforce is among a company’s most important assets. Fortunately, in Wales we’ve got thousands of skilled, loyal staff in all our core sectors, and our universities supply over 34,000 graduates every year. With our track record of academic-industrial collaboration, our graduates are ready to join your company and hit the ground running. Once you’ve worked in Wales, generally In Wales we know what inward investors need, and the commercial pressures you face - we’ve been helping companies locate here for decades. you’ll want to stay. That explains why staff retention is higher than the UK average into the potential labour market. We want to keep it that way. To help things along, the Welsh Assembly Government’s ProAct is a financial support package to help fund training needs during the downturn, which with its successor the Skills Growth Wales, totals ÂŁ48 million. Wales. Business opportunity “Ford Motor Company are delighted to have worked in partnership with the Welsh Assembly Government. The support received has enabled the Company to invest significantly in our Bridgend engine plant and demonstrates the mutual benefit when the public and private sector join forces in Wales.” Kieran Cahill, Plant Manager, Ford. The company has been successfully manufacturing in South Wales for over 30 years. Its Bridgend engine plant – the biggest in Europe – is focused on the Eco Boost range offering a 20 per cent reduction in emissions.
  • 22. 20 “The most important factors behind our decision to come to Wales were lower operating costs, good logistics, the quality of training available and the skilled workforce right on our doorstep.” Martin Coysh, Manager Continuous Improvement, British Airways Maintenance Cardiff (BAMC). The capacity of the site will allow BAMC to take on further work as new aircrafts come on line with BA. Property Wales has an exceptional variety of business property – from serviced offices and industrial units, to incubator facilities linked to academic R&D arms, and even property with runway access or dedicated airspace. Baglan Energy Park is a key hub in Wales’ low carbon future as it’s home to the Hydrogen Research Centre. SA1 in Swansea accommodates mixed business uses in a regenerated waterfront setting that’s become an EU best practice benchmark. Roath Basin in Cardiff Bay is a beautifully designed commercial development that’s ideal for media, creative and life sciences businesses. Our sites are among the best in Europe: ParcAberporth is Europe’s only test and development site for unmanned aerial vehicles with dedicated over-sea and over- land civil and military fly zones; St. Athan has exceptional airside hangarage and a completely refurbished runway – it’s also a proposed site for the MOD’s Defence Training Academy. We have several innovation centres across Wales. They exist to speed up the growth of knowledge-based businesses through collaboration with other companies and university departments. Individual sites specialise in areas such as performance engineering, optoelectronics, software computer science, sustainable technologies and electronic devices. We have the most experienced property team in Europe, and they’re dedicated to finding you your ideal base. You may also be eligible to access free accommodation and a specialist support package worth nearly ÂŁ15,000, through Access Wales: www.ibwales.com/accesswales Another thing we’ve got plenty of in Wales is space, which means we can meet your expansion plans in the future, for example with custom-built property solutions that deliver exactly what you need. You might think all this comes at a high price. But property in Wales is among the lowest priced in the UK, with Cardiff office space some 40 per cent less than London. And our capital city is rated in the top 10 best UK cities to locate a business (source: 2007 Cushman & Wakefield UK Cities Monitor). Amazon approached us to find a 30-acre (800,000 sq ft) site, and from the initial enquiry we took just 100 days to find the site, secure planning and grant approval and start building. Wales. Business opportunity
  • 23. 21 Access to funding Financial support is often a critical factor for businesses on the move. We encourage business growth by identifying sources of support and funding in areas such as skills development, academic collaboration and business expansion. Businesses in Wales can access commercial finance from a variety of sources. A number of financial institutions operate in Wales such as Finance Wales who provides commercial finance through loans, venture capital packages and introductions to investors through their xĂ©nos Business Angel Network. The Welsh Assembly Government can provide a level of investment across sectors including: advanced materials and manufacturing; creative industries; financial and professional services; energy and environment; ICT and life sciences. These investment will be repayable although the terms will vary depending on the purpose and size of the financial package. Consideration will be given to businesses falling in other sectors on a case by case basis, delivered swiftly and responsively. International trading Companies across Wales are exporting to a broad range of overseas markets, contributing some ÂŁ10.7 billion to UK exports. Part of our support is helping you add to that by accessing international markets. With our global network and contacts we’ll do whatever we can to help you - whether it’s establishing your presence at a trade show, or connecting you to a potential global partner that’s looking for your kind of business. Parc Aberporth site – over-sea and over-land fly zone
  • 24. Throughout the country there are stunning landscapes and breathtaking coastal views, all within minutes of the major towns and cities. The country boasts sports and cultural facilities that stand comparison with anything in Europe. This includes the showpiece Millennium Stadium which has hosted an IRB Rugby World Cup final and five FA Cup finals and the awe inspiring Wales Millennium Centre, venue for major operas, musicals and other top performances. a balanced lifestyle Once you’re satisfied that Wales meets all your business objectives, consider what it offers your lifestyle. There are nearly 180 golf courses across Wales, including The Celtic Manor Resort – host of The 2010 Ryder Cup. Moreover Wales has more medieval castles than any location of comparable size in the world, along with a host of other historic sites, from the Iron Age through to the industrial revolution. All of this makes Wales a place where you and your team will want to live, work and build a profitable business. 22 Wales. Business opportunity
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  • 26. 24 Wales. Business opportunity “Quite apart from the support network and the workforce, other elements, such as the infrastructure, transport links and even the Welsh landscape make this location a perfect environment for us to do business. As far as I am concerned, there is nowhere else the company should be.” John Smith General Manager, Corporate Office, Calsonic Kansei.
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  • 28. For more information contact: Welsh Assembly Government, Plas Glyndwr, Kingsway, Cardiff, CF10 3AH, Wales, UK Email: ibwales@wales.gsi.gov.uk Web: www.ibwales.com Tel: +44(0)1443 845500 WAG 10-03359/23-08-2010/CMK-22-03-253 Typeset in 12pt / © Crown copyright 2010ISBN No. 978 0 7504 5654 8