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To recover from the pandemic Wales’ economy needs to grow.
That means empowering small firms to seize opportunities and supporting the ambition that they have for the future.
Lets have a look at what the political parties have pledged for growing Wales’ smaller firms.
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That means empowering small firms to seize opportunities and supporting the ambition that they have for the future.
Lets have a look at what the political parties have pledged for growing Wales’ smaller firms.
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First up, here’s a reminder of what FSB Wales has called for:
Action to develop Wales’ medium-sized firms
Put the Development Bank of Wales on a statutory footing
Maintain Business Wales brand and develop for the future http://www.fsb.org.uk/wales2020
Action to develop Wales’ medium-sized firmsPut the Development Bank of Wales on a statutory footingMaintain Business Wales brand and develop for the future http://www.fsb.org.uk/wales2020
Reform have pledged to:
Stimulate the North Wales economy by supporting Wylfa Newydd
Stimulate the North Wales economy by supporting Wylfa Newydd
Welsh Liberal Democrats have pledged to:
Develop a long-term plan to support businesses and enable small businesses to grow, including establishing an Economic Recovery Council
Pass an Economic Development Bill
Develop a long-term plan to support businesses and enable small businesses to grow, including establishing an Economic Recovery CouncilPass an Economic Development Bill
Propel have pledged to:
Establish a Stock Exchange Cymru
Create eight co-operative community banks, with a primary focus on investing in existing and new small and medium-sized local businesses
Establish a Stock Exchange CymruCreate eight co-operative community banks, with a primary focus on investing in existing and new small and medium-sized local businesses
Welsh Labour have pledged to:
Take forward an Economic Resilience and Reconstruction Mission for Wales
£500m Wales Flexible Investment Fund to support economic recovery & expand the Development Bank's funds to provide long-term lending to SMEs, entrepreneurs & start-ups
Take forward an Economic Resilience and Reconstruction Mission for Wales£500m Wales Flexible Investment Fund to support economic recovery & expand the Development Bank's funds to provide long-term lending to SMEs, entrepreneurs & start-ups
UKIP have pledged to:
Freeze business rates at zero for at least 12 months to help small businesses recover
Freeze business rates at zero for at least 12 months to help small businesses recover
Welsh Conservatives have pledged to:
Establish a National Mission to grow the economy, aiming to create 65,000 new jobs with govt, businesses, & entrepreneurs working together
Establish “Innovate Wales” to support new enterprises, and encourage firms to grow & export
Establish a National Mission to grow the economy, aiming to create 65,000 new jobs with govt, businesses, & entrepreneurs working togetherEstablish “Innovate Wales” to support new enterprises, and encourage firms to grow & export
Plaid Cymru have pledged to:
Create Prosperity Wales, an arms-length development agency, to focus on growing small and medium-sized Welsh firms
Develop a strategy to scale-up existing businesses with high growth potential.
Establish a SME Investment Strategy
Create Prosperity Wales, an arms-length development agency, to focus on growing small and medium-sized Welsh firmsDevelop a strategy to scale-up existing businesses with high growth potential.Establish a SME Investment Strategy
Wales Green Party have pledged to:
Supporting local creatives to gain access to closed and disused shops and premises on high streets, with Universal Basic Income as a basic support for many new creative small businesses.
Supporting local creatives to gain access to closed and disused shops and premises on high streets, with Universal Basic Income as a basic support for many new creative small businesses.
This is a detailed topic that covers a number of areas – so it’s a tough one to condense into 280 characters!
Take a look at our pinned thread for more detail on what each party is proposing to grow Wales' economy and the businesses that are vital to it.
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Take a look at our pinned thread for more detail on what each party is proposing to grow Wales' economy and the businesses that are vital to it.
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