Benefit for business
The UK is the number one destination in Europe for US Foreign Direct Investment (FDI) and one of the best major locations for ease of doing business according to the World Bank1.
Wales has all the benefits of UK investment and Parc Felindre, quality land for business encompasses all of these:
- Grants and incentives
- Generous R&D tax credit scheme
- Half a million graduates per year
- Stability of government2.
Research shows a direct correlation between the English skills of a population and the economic performance of the country. Indicators like gross national income (GNI) and Gross Domestic Product (GDP) go up3.
Grants and incentives
Wales offers immense benefit to business through a range of grants and other incentives. Business Wales has the information, advice, and guidance you need to sustain and grow your business. Our pan-Wales team of experienced advisers have proven track record in starting, running, and growing a business. We can offer a range of support including access to information, workshops, online, telephone, and virtual face-to-face advice, as well as specialist support including – Business planning and productivity, Financial management, Sustainability, International trade4.
Swansea Business School (from their website)
Generous R&D tax credit scheme
Research and Development (R&D) tax relief (or credit) is a company tax relief that may reduce a company’s tax bill or in some instances involve a payment of credit by HMRC to the company. It is based on the company’s expenditure on R&D (dependent on results at time of application).5
Half a million graduates per year
An image from the University of Wales Trinity Saint David graduation ceremonies which were held for the first time at Swansea Arena. Swansea boasts 38%of graduates of whom 85% win professional employment.6
Stability of government
Working together for better jobs, improved health and care services, a greener environment and a more prosperous economy are the missions at the heart of a new innovation strategy for Wales being launched today (27 February 2023)by the Welsh Government.
New innovation strategy sets out aspiration for Wales to be a leading, innovation-based nation.
Strategy focuses on ensuring innovative new technologies are developed to help solve the biggest challenges facing communities, ensuring those solutions reach every part of society. Through collaboration, the aim is to bring about better healthcare, tackling the climate and nature emergencies and creating better jobs and prosperity for businesses, universities, and local communities.7
So for benefits to business Parc Felindre based in South West Wales, offers a wealth of innovative resources for your next location. Contact our agents today!
from your initial brief right through to event completion
1 Wellers Business Oxygen
2 https://tradeandinvest.wales/business-wales/ 3 https://hbr.org/2013/11/countries-with-better-english-have-better-economies
6 Swansea Business Guide