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INDUSTRY SHOWCASE


BUSINESS AND REGENERATION PLANS AT NATIONAL ASSEMBLY FOR WALES


Assembly Member for Preseli Pembrokeshire, Paul Davies, hosted the event on Tuesday 7th March at the National Assembly for Wales enabling the Port of Milford Haven, Pembrokeshire County Council and other partners on the Milford Haven Waterway to showcase the vibrant economic cluster that exists around Wales’ largest port.


PRIORITISED SECTOR


Assembly event unveils two major projects: ‘Pembroke Dock Marine’ and ‘Milford Waterfront development’ and Assembly Members hear about ports’ role as key drivers of economic prosperity in Wales and the conditions needed to generate further business growth following Brexit


The ability of Welsh ports to deliver prosperity for all was highlighted this week to Welsh Government, Assembly Members, councillors and key business leaders at a reception in the Senedd, Cardiff.


Attendees heard that, as an island nation with 95% of goods being traded in and out of our ports, it is important for the sector to be prioritised. By ensuring the right conditions are in place to foster new trading relationships and manufacturing-led growth in the future, Wales can strengthen its economy. Attendees were struck by the significance and scale of the supply chain that ports sustain, providing jobs in surrounding communities - a fact that is often overlooked.


EMPLOYMENT


The Port of Milford Haven supports 5,000 Welsh jobs and is Wales’ largest port. It is home to five major marine terminals as well as one of Europe’s largest and most efficient power plants.


Valero’s refinery accounts for around 10% of Wales’ exports and is worth approximately £55m per annum to the Welsh economy. Combined, the two liquefied natural gas terminals at the port, South Hook LNG and Dragon LNG, are capable of supplying up to 30% of the UK’s natural gas demand. “With the UK government triggering Article 50, now is the time to consider the strengths and opportunities Wales has in its ports.” commented Alec Don, Chief Executive at the Port of Milford Haven.


ATTRACTIVE BUSINESS ENVIRONMENT


“As a nation bordered on three sides by the sea, we urge the Welsh Government to recognise the value locked in its ports and support us in creating an attractive environment for businesses, large and small, within ‘port zones’; an environment which makes it easy to invest, easy to operate and easy to employ. “Ports create jobs, drive economic growth, attract investment and create opportunities for all of Wales, not just the immediate communities they serve,” concluded Alec. “They are a natural location for logistics, manufacturing and export businesses and are vital arteries of international commerce.” The reception event unveiled two major projects which the Port of Milford Haven are progressing.


Port of Milford Haven


DRIVING WAVE ENERGY TECHNOLOGY DEVELOPMENT IN SCOTLAND


After what has been a very encouraging start by Tim Hurst and his team, Wave Energy Scotland’s (WES’) technology development programme is now well underway and meeting its objective of supporting the on- going development of a globally competitive wave energy industry within Scotland


PAGE 06


Over the last two years, the organisation has succeeded in assisting the industry to maintain forward momentum, following a very challenging period. WES has issued a series of funding calls specifically designed to support the development of a range of technology programmes for subcomponents of a wave energy device. As a result of those efforts WES can now look forward to both seeing the fruits of those commitments


www.wavetidalenergynetwork.co.uk


as they come to maturity as well as those planned for the future.


INNOVATIVE TECHNOLOGY PROGRAMME


WES’ innovative technology programme has already invested £15m in 51 projects in just over two years. Further awards for successful stage 3 projects were recently for £7.5m invested in three collaboration


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