September 27, 2021

Newyddion Cymru Ar-Lein : Wales News Online

Newyddion Lleol a Chenedlaethol Cymru – Local and National News for Wales

Economy Minister launches new programme to help boost Welsh exports

Welsh companies in five key sectors will be brought together to help each other export more of their products across the globe, as part of a new programme being launched by Economy Minister Vaughan Gething.

Welsh companies in five key sectors will be brought together to help each other export more of their products across the globe, as part of a new programme being launched by Economy Minister Vaughan Gething.

The Export Cluster Programme is one of a series of new support initiatives being introduced by the Welsh Government as part of the Export Action Plan for Wales, which aims to create a strong, vibrant and sustainable exporting sector to help strengthen the economy, safeguard existing and create new jobs and opportunities for people in Wales.

Its aim is to drive the growth of Welsh exports in the longer term, increasing the contribution exports make to the Welsh economy, including by broadening Wales’ exporter base.

In 2019, firms in Wales exported £17.8 billion worth of goods to markets across the world – with the EU being Wales’ most significant trading partner. There were 106,015 businesses operating in Wales in 2019 but HMRC figures show that only around 5,243 of them exported goods that year.

This new programme is designed to bring companies together to develop their capacity and capabilities for exporting. It will help develop strong networks of support, working on a “one-to-many” basis to support