Welsh Government’s investment strategy has come into question after Aston Martin Lagonda revealed widening losses and slipping sales. The luxury carmaker was enticed to St Athan in the Vale of Glamorgan by the Labour Welsh Government with nearly £20m worth of taxpayer grants in the hope of boosting the South Wales economy. However, today’s financial … [Read more...]
Welsh Government pledge £74M for “greener” transport
Greener buses, trains and motor vehicles will be encouraged and utilised as part of a £74M Welsh Government fund. It also plans to spend money on making infrastructure more resilient to bad weather and encourage public transport, cycling and walking as well as creating a North Wales Metro network. The 2020-21 budget is the first since the declaration of a … [Read more...]
New plan to energise Welsh automotive sector
A new plan to energise the automotive industry and help it meet future challenges is being developed by the Welsh Government. Economy Minister Ken Skates will outline the new plan at an Automotive Summit at Hensol Castle later today and hours before the Welsh sector's annual networking dinner, where the keynote speaker will be Aston Martin CEO Dr Andy … [Read more...]
Cardiff Airport loan criticised
The Welsh Government is giving Cardiff Airport an extra loan of £21 million. Raising concerns with the Welsh Labour First Minister, the amount of loans given to the airport has now increased to more than £50 million, nearly as much as the cost of buying the airport back in March 2013. Despite being run by the Welsh Labour Government, the number of … [Read more...]
Newslines 10 May
Wales First Minister Mark Drakeford said 20mph speed limits should be the default in residential areas. Speaking in the Assembly, he said main arterial roads could have 30mph limits but residential areas should be lower. Fatal road accidents are this year increasing in Cheshire. In 2018, 46 people lost their lives as a result of a road traffic … [Read more...]
What Brexit means to Welsh automotive businesses
Welsh Government and the Welsh Automotive Forum have been looking at the implications of a no-deal Brexit and produced guidance notes for businesses. UK import tariffs in a no-deal scenario - The Government has published details of the UK’s temporary tariff regime for no deal. The regime would be temporary, and the Government would closely monitor the … [Read more...]
Wales’s ready for low carbon drive
Wales is ready to maximise on the huge opportunities presented by electric and hydrogen vehicles, Economy Secretary Ken Skates will tell key players in the sector this morning. The Economy Secretary was speaking ahead of a Welsh Government hosted Low Carbon Intelligent Mobility event bringing internationally recognised manufacturers including Aston Martin … [Read more...]
Newslines 2 November
Welsh Government spent over £10,000 on journeys with cab firm Uber in the last 12 months, double the amount spent the previous year, despite the Welsh Labour Government’s criticism of the firm. In addition, nearly £2,500 was used to cover the cost of luxury travel and limousines, according to figures obtained by Welsh Conservatives. It was announced in … [Read more...]
Tradelines 31 October
An additional £7.5m to help Welsh businesses including the automotive sector build resilience in order to cope with the challenges of Brexit was announced by Economy Secretary, Ken Skates. The £7.5m, which is part of the Welsh Government’s £50m EU Transition Fund, will be used over the next three years to help companies develop the new expertise and … [Read more...]
Low carbon focus at Welsh event
The Welsh Government and the Welsh Automotive Forum in conjunction with Industry Wales are organising a conference on Low Carbon Intelligent Mobility at the Vale Hotel on 29 November 2018. The Miskin-event hosted by Quentin Willson will provide an overview of how electric vehicles, supporting policies along with manufacturing supply chain opportunities … [Read more...]
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