WQ85651 (e) Tabled on 30/06/2022

What consideration has the Welsh Government given to improving foreign direct investment in Wales?

Answered by Minister for Economy | Answered on 12/07/2022

As the world has started to open up from the crisis of the pandemic, we have increased our efforts to proactively engage with clusters, stakeholders and companies across the world to attract FDI into Wales - especially within those sectors of the economy where we have real international class capabilities.

I have personally met with a number of investors both in Wales and overseas and will continue to do so as we position our strengths in a competitive market.

–In  the last few weeks, we have hosted 25 delegates from the Japanese Wind Power Association in north Wales who heard first-hand about this outstanding sector and the possibilities for investment. This was followed by an offshore wind mission from Kitakyushu with a further 15 delegates from a range of companies visiting locations across north, west and southeast Wales.

We continue to work closely with the Department for International Trade to ensure that UK Government works for Wales, across its global footprint and that propositions are put forward to investors where a Welsh location can add value.