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WAG new policy to transform business environment
Posted on Thursday, July 8, 2010
The Welsh Assembly Government has announced that it is going to radically transform the way it supports the Welsh economy. The Deputy First Minister and Minister for the Economy and Transport Ieuan Wyn Jones outlined a vision of making Wales “one of the best places in the world to live, to work and to thrive”.
“Economic Renewal: A New Direction” sets out the role devolved government can play in providing the best conditions and framework to enable the private sector to grow and flourish.
In future government resources will be targeted at tackling wide systemic issues within the Welsh Economy – investing in infrastructure, research & development and improving the conditions within which businesses operate. Economic Renewal will see a fundamental shift away from direct and generic support for companies to a focus on creating the right environment for businesses to succeed.
The policy has been developed following extensive consultation with business, academia, trades unions and other key organisations and individuals.
The consistent feedback was that government should concentrate resources where it can add the most value – where the private sector by itself cannot deliver.
For more information follow this link to the Welsh Assembly Government Website.
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