monmouthshire
Doing business in Monmouthshire...
Population of the county: Approx 90,000 major towns: Chepstow, Caldicot, Usk, Monmouth, Abergavenny
By Kellie Beirne, chief officer, Regeneration and Culture, Monmouthshire County Council
What type of businesses would we find in Monmouthshire? There is a very wide spectrum of mainly small and medium-size businesses in the county, ranging from farm-based enterprises, food production and tourism through to businesses based on software and digital media, renewable energy, and creative industries.
26 THEbusiness QUARTER
Why does Monmouthshire need to be regenerated? Despite the fact that Monmouthshire has the highest proportion of NVQ 4-qualified people among Wales’ 22 local authority areas, it nevertheless has one of the lowest average wage levels. This is linked to the traditional dependence on agriculture, food manufacture and tourism for larger scale employment. Our aim is to move these sectors up the value chain where possible by encouraging new and more sophisticated product offerings that will generate more wealth for the area, and more importantly to encourage the creation, growth or inward migration of higher-technology, higher-earning industries.
How will the link up with Venture Wales help regenerate Monmouthshire? Under the new ‘local enterprise partnership’, the first of its kind in Wales, and one of the first in the UK, Venture Wales has been contracted to help develop, lead and implement Monmouthshire County Council’s approach to the development of the local economy. This will include promoting the business advantages of the county to potential investors, supporting business start-ups and expansions and ensuring the area maximises its stake in emerging high-value sectors such as the digital and creative industries and renewable energy. It will also focus on driving greater profitability and creation of quality
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