25 September 2012

Wales Economic Growth New Focus for Inward Investment Plans

At a press conference at the National Assembly First Minister of Wales Carwyn Jones discussed new ways of facilitating economic growth via inward investment following a meeting of its Council for Economic Renewal. One planning commitment announced is for an improvement dedication to Cardiff Airport in order to increase its traffic, it was stated by Mr Jones "I want Cardiff Airport to realise its potential to be a modern, well-connected success at the heart of our national infrastructure. We’re working with the owners and all those with an interest to help it realise its potential".

Furthermore, it was stated his wish for a devolution of Air Passenger Duty to help the Wales Government with Cardiff and Anglesey airports plans. In this context, Martin Evans from the University of Glamorgan Business School, added to the argument by stating "a rebrand would attempt to “get the attention” of the public in Wales".

With the economic growth in mind, it was also stated a new improved presence into working more effectively with UK’s export arm Trade and Investment (UKTI). This press conference happened in a context where Lord Heseltine was in Cardiff addressing and assessing on the current status between the public and private sectors benefits. Also at in Cardiff was the UK government Trade Minister Lord Green.