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Business Fact File

Wales is part of the European Union (EU) which means that our businesses have easy tariff-free access to over 400 million consumers, one of the world's largest single markets.

We pride ourselves on being inventive and big ideas are our speciality. Like the advanced semi-conductor wafers, imagined, developed and manufactured by IQE Ltd in St Mellons, South Wales. It's wafer thin, a thousand times more powerful than your average silicon chip and is exported all over the world.

Wales has created a network of Techniums or innovation centres where entrepreneurs from a range of technology businesses get together under the same roof to share knowledge, support, facilities and expertise from our universities to develop and grow leading business ideas. They're part of our belief that when it comes to new ideas two heads are better than one.

Our businesses promote one of our core values, sustainability. Gwawr Cymru, the solar powered car built here from recycled material has won a top award for environmental awareness. And our wind farms across Wales show how we make best use of our natural geography to power business.

The Welsh Assembly Government helps global companies trade with or establish operations in Wales. They have experienced professional advisors to welcome and support incoming businesses. Wales has a thirty-year track record of attracting successful investments by some of the world's largest and most prestigious companies, such as Airbus, Bosch, Ford, GE and Toyota.

Businesses moving into Wales will benefit from:

  • tariff-free access to UK and EU markets
  • a high calibre and productive workforce and supportive education and training network
  • a highly advanced transport and telecommunications infrastructure
  • a network of academic centres with a strong track-record of profitable collaboration with industry
  • financial incentives for capital investment, job creation and research and development

Find out more about the benefits of business in Wales at www.ibwales.com/