Concerns raised as Wales lags behind on entrepreneurship
Plaid Cymru has repeated calls for the Welsh Government to provide support for business start-ups after figures reveal Wales lagging behind on entrepreneurship.
The figures show that the Welsh Government has failed to keep up with any of the other UK nations on Active Enterprises per 10,000 population. Wales has 455 compared to the UK average of 580.
Some regions in Wales perform even worse. For West Wales and the Valleys, there are only 433 businesses for every 10,000 people.
The Party of Wales’ Shadow Minister for the Economy, Alun Ffred Jones AM said:
“These figures, although utterly damning, are not particularly surprising. We know that governing politicians like to talk up meaningless statistics but out on the ground, it’s clear that economic growth is not spreading further than the South East of England.
“Plaid Cymru has put forward a number of proposals to help businesses and it is imperative that the Welsh Government either adopt them, or come up with their own proposals.
“We’ve called for reform of the business rates system to reduce the burden on small businesses and we’ve also called for the introduction of new business bank to provide access to finance for businesses.
“Our Bank of Wales proposal could offer specific services for new business start-ups, including 0% loans, business mentoring and market research and could work with new businesses to help them find their feet.
“There is an urgent need for action from Welsh Government to ensure that poor areas of Wales are not left behind once again.”