Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 2:13 pm on 11 October 2017.
Well, I’d like to thank the Member for his question and the observations that he makes, and for referring to the important contribution of the Federation of Small Businesses last week. I’m pleased to say that, today, we’re able to announce further expansion of an important company in south Wales: Maesteg-based Talgarth Bakery is set to move to new premises as a consequence of Welsh Government assistance, and that will create and secure dozens of jobs—another example of how Welsh Government support is acting as an enabler for growth.
Now, the principle of increasing collaboration and connectivity across businesses, academia and key stakeholders has been embedded in the anchor and key influencer network. This initiative has delivered an interactive innovation hub map and facilitated easier communication between key pillars of the Welsh economy. The network also works closely with Be The Spark and with anchors and other companies making pledges to strengthen innovative entrepreneurship in Wales.
I think another practical example of how we are working with supply chains to tier 1 companies might be the work that’s taking place with regard to Vauxhall Motors in the north and the entire automotive supply chain in north Wales, where we know there are opportunities with, particularly, the potential Astra replacement, given that currently only about 20 per cent of the products for that particular vehicle are sourced from within the region. There are huge opportunities for the supply chain, and that’s why we’re focusing on strengthening the supply chain, not just there, but right across Wales, for other sectors as well.