Economic renewal programme will benefit region’s R&D, says AM
5 July 2010
Bethan Jenkins AM has welcomed the Welsh Government’s new economic renewal programme, arguing that it will present opportunities for start-ups, entrepreneurs, established companies and learning institutions alike.
Economic Renewal: A New Direction, announced by Deputy First Minister Ieuan Wyn Jones, makes a fundamental shift away from the day-to-day management of Welsh companies, often through grant giving, towards providing infrastructure and loans for business.
As well as building on successful sectors in Wales, the new strategy also looks to increase links with education, not only to improve skills, but also to involve Welsh universities in an expanded research and development role.
Bethan said: “Swansea University has been incredibly proactive in recent years in buildings all kinds of links outside of the campus. I work with a number of its professors and other staff, and I know they are incredibly eager to take the lead in providing R&D and other work which not only benefits the economy but also Welsh society as a whole.
“Some of the plans they are working up – for the Copperopolis site, for example – are uniquely innovative, acknowledging the importance of the past while providing skills and developing new technologies and ways of production that could make the Swansea area a leader in a number of fields.
“I’m delighted that the Deputy First Minister has recognised their value, and look forward to working with a newly-empowered Swansea University to play a full role in developing the economy of South West Wales and the rest of the country for the future.”
