Initial findings from a supply chain study by RWE and Marine Power Systems are helping identify where Wales and the region can benefit from the forthcoming Celtic Sea floating wind technology boom.
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In January 2020, the government of Wales announced its strategy that set out the nation’s approach to international engagement. This strategy was based on three core ambitions and a vision for the next five years: to raise Wales’ profile on the international stage, to grow the economy by increasing exports and attracting inward investment, and to establish Wales as a globally responsible nation. Just over a year later in June 2021, Wales became the only UK nation to see the number of inward investment projects increase despite the ongoing global pandemic, with nearly 7,000 foreign investment jobs safeguarded thanks to direct Covid-19 economic support from the Welsh Government.
In line with this strategy, and building on the nation’s reputation for creativity, innovation, talent, connectivity, a collaborative ecosystem, sustainability, and great work-life balance, Trade and Invest (T&I) Wales, the body that is responsible for attracting foreign direct investment into the country,