2 days ago
- Business
- South Wales Argus
Foreign investment drives job growth and confidence in Wales
Wales secured 65 foreign direct investment (FDI) projects in 2024-25, according to new data from the Department for Business and Trade.
That is up 23 per cent on the previous year and the second highest rise of any UK nation or region.
The investments have created 2,470 new jobs, marking a 30 per cent increase from 2023-24.
Halton Flamgard, which is part of the Finish Halton Group, has relocated to the recently completed RYB1 unit in Ebbw Vale following an £8.9 million investment by Welsh Government in the low carbon facility.
Part of a planned expansion, it will see employee numbers at the company go from 70 to 168 by 2028.
Rebecca Evans, cabinet secretary for economy, energy and planning, said: "Despite political and economic factors impacting growth globally, Wales has again seen a significant increase in foreign investment.
"There has been a large increase in jobs created through FDI in 2024-25 and the continuing growth of 'new' investment into Wales has reached a nine-year high.
"This is proof that our proactive approach to promoting Wales globally as a great place to do business is delivering.
"From Delhi to San Diego we have further raised the profile of Wales as an outstanding investment destination with key sectors that boast world-class capabilities."
A total of 1,652 jobs were also safeguarded through foreign investment—the highest number recorded across the UK.
The Welsh Government supports investors by promoting the country's core strengths at industry events and providing guidance on locations, workforce, business networks, and academic links.
First Minister Eluned Morgan said: "Creating high quality jobs in key sectors is a priority for this government, and attracting overseas investment is a key part of our economic strategy.
"We are focused as a government on economic growth, and these figures highlight the confidence investors are showing in the Welsh economy.
"Our International Investment Summit later this year will provide a further opportunity to showcase Wales to the world and attract even more investment into Wales."
