Welsh companies need to win more Welsh business, AM told


LOCAL entrepreneurs have been telling Monmouth Assembly Member Nick Ramsay of the urgent need for more Welsh companies to win more Welsh business.

Nick, who is Shadow Minister for Business, Enterprise and Technology, met representatives of the Welsh Entrepreneurs Group at Usk on Wednesday and was interested to hear their suggestions on how the position of Welsh entrepreneurs and new start-up businesses in Wales could be improved.

“They were concerned that there is very little help for start-up businesses in Wales and  currently no direct link between universities, the Welsh Government and new businesses,” said Nick. “They say that any decisions the Welsh Government make take far too long – new businesses need an indication at an early stage of whether assistance is likely and the timescale for this must be made available.  

“They feel that entrepreneurs in Wales get no real help from the Welsh Government and that the Government needs to forge a much closer link with the business community.

“Another concern was that Finance Wales is not investing in pre-revenue companies and that decisions are being made by academics who have no idea about business.

“Members of the Group cited the Prince of Wales Innovation Scholarship as an excellent example of what is needed in Wales.”

Nick is writing to the Minister for Business, Enterprise and Technology, Edwina Hart AM, requesting a meeting with representatives of the Group and is also looking into establishing a Cross Party Group at the Assembly for entrepreneurs and innovators to discuss their concerns with Ministers and Officers.

As Chairman of the Business and Enterprise Committee, Nick will propose that the Committee look at entrepreneurs’ views and seek media attention for a meeting raising these issues and concerns.