Party of Wales leader Leanne Wood will tell members of the Federation of Small Businesses in Swansea that Swansea’s premier league status should not be confined to the football field and that her party aims to build on the city’s recent exposure on the international scene by making it a city open for business.
She will outline how the city could benefit from her party’s proposals to extend rate relief that would deliver benefit to 83,000 businesses nationwide, a cut in the business rate multiplier which determines the rateable value of businesses and the increasing the number of public contracts awarded to local businesses.
Ahead of the event organised by the FSB in the city centre, Ms Wood AM said: “Small and medium-sized businesses are the backbone of the Welsh economy making up 99% of all businesses in the country.
“The Party of Wales recognises the significant and important contribution small businesses make to the economy which is why we prioritising them in our plans for turning around the Welsh economy.
“We have worked closely, and will continue to work closely, with the FSB to ensure we are in touch with the views of small businesses throughout the country.
“I have prioritised the economy under my leadership of Plaid Cymru because we have to do something about the disproportionate levels of poverty and unemployment in Wales. The status quo is simply not acceptable.
“Figures show that Swansea has lost more than 300 businesses since 2008 when the recession began. This means that the city is more reliant on jobs in the public sector than it was six years ago.
“Clearly more needs to be done to build up the private sector in Swansea. This is achievable with a proactive and business-friendly Government.
“Swansea has good transport links and has a growing profile within the UK and internationally. It is vital now that we build on those building blocks and create the conditions for growth. The Party of Wales’ plans to reduce business rates for small businesses, adjust the business rate multiplier and create a Bank of Wales would do just that.
“We will continue to put pressure on the Welsh Government to implement more business-friendly measures as a matter of priority.”