{"id":316940,"date":"2025-11-30T19:09:08","date_gmt":"2025-11-30T19:09:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/316940\/"},"modified":"2025-11-30T19:09:08","modified_gmt":"2025-11-30T19:09:08","slug":"ministers-roll-out-cycling-star-to-help-seal-investment-and-jobs-at-summit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/316940\/","title":{"rendered":"Ministers roll out cycling star to help seal investment and jobs at summit"},"content":{"rendered":"

More investment and more jobs are being sought in Wales at a summit hosted by the Welsh government, expected to be attended by hundreds of business leaders from across the globe.<\/p>\n

Economy Secretary Rebecca Evans said the country had already attracted \u00a34.5bn of inward investment since the summit, which will be held in Newport on Monday, was announced.<\/p>\n

She said it was an “opportunity to put Wales on the map”, with attendees even invited to a ride around the country’s national velodrome with Tour de France winner Geraint Thomas.<\/p>\n

Plaid Cymru said such announcements were coming “too late in the day”, while the Conservatives it was low tax and less bureaucracy that would attract investment.<\/p>\n

The Welsh government hopes to increase investment in sectors already present in Wales, like semiconductors<\/a>, creative industries, advanced manufacturing and life sciences.<\/p>\n

Evans told BBC Politics Wales<\/a> that 300 people 250 different businesses spread across 37 different countries would be attending the investment summit.<\/p>\n

Guests will sample Welsh cuisine with chef Tom Simmons before a panel discussion on pioneers in sport with Baroness Tanni Grey-Thompson, Richard Parks and Prof Laura McAllister.<\/p>\n

Challenged on how the government will measure the success of the summit, Evans said: “There will definitely be opportunities to close deals pretty quickly as a result of the investment summit, but also this is really about creating connections and relationships.<\/p>\n

“It takes time to build relationships and trust is really, really important in terms of ensuring that the investors do come to Wales.”<\/p>\n

When launching this summit in the Spring, First Minister Eluned Morgan said growing the economy was her “top priority”.<\/p>\n

More than 170,000 people in Wales work for companies that are owned overseas, but Morgan told BBC Wales: “I think we can get more of that”.<\/p>\n

\"Rebecca<\/p>\n

Rebecca Evans says the summit presents an opportunity to put Wales “on the map” [BBC]<\/p>\n

Infrastructure will ‘deliver growth’<\/p>\n

Plaid Cymru’s Heledd Fychan said: “I hope something comes from the investment summit.<\/p>\n

“But, obviously, we are seeing some of the announcements now very much late in the day when we’ve had over two decades to change the fortunes of things here in Wales.”<\/p>\n

Darren Millar, leader of the Conservatives in the Senedd, said: “We do need to get our infrastructure right.<\/p>\n

“It was terrible that one of the first decisions that the UK Labour government took was to scrap the plan to electrify the north Wales rail line.<\/p>\n

“And, of course, we haven’t seen that investment in our road network either by the Welsh government; whether that’s the M4 relief road investment, along the A55, or investment in dualling the A40.<\/p>\n

“These are the sort of projects that will deliver the growth that Wales needs to see.”<\/p>\n

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