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Welsh Secretary Jo Stevens has announced the formation of a new economic advisory group todrive growth, shape UK industrial strategy and make Britain a clean energy superpower.

For the first time under the new government, leaders from Welsh government, business, industry, universities, and unions will be convened to help shape UK government efforts to boost growth and put more money in peoples pockets.

Announcing the Welsh Economic Growth Advisory Group at the annual CBI Wales dinner in Cardiff, Welsh Secretary Jo Stevens said it would harness Waless best talent, ambition and creativity, allowing a full range of Welsh industries to contribute to the UK Governments economic growth and clean energy missions.

The group will also work with the Welsh Secretary to inform the UK Governments new Industrial Strategy to boost key Welsh industries, and shape Welsh priorities for the next Spending Review, both expected during spring 2025.

Chaired by the Welsh Secretary, the new group will meet for the first time in Cardiff next week (2 December).

Ahead of the first meeting of the group, Ms Stevens visited Cardiffs Wolf Studios Wales today (28 November) where she met leading organisations from the creative industries, one of Waless growth sectors, including Bad Wolf, Cloth Cat animation, Ffilm Cymru and Creative Wales.

Economic growth is the UK governments number one priority. Since July more than 1bn and hundreds of jobs have been delivered for North Wales, Welsh Growth Deals and Investment Zones have been confirmed, a better steel deal has been announced which secures the future of the industry in Wales, and a record Budget settlement has been provided to the Welsh Government to spend on public services.

Secretary of State for Wales Jo Stevens said:

My new Economic Advisory Group will harness Welsh talent, ambition and creativity to usher in a new era of prosperity and growth for our nation.

We are forging a new partnership with businesses, workers and unions to drive growth and put more money in peoples pockets. This is about jobs for you, investment in where you live, opportunities for your children.

Working alongside the Welsh Government and our industry leaders we will rekindle Waless proud industrial roots with the jobs and industries of the future.

The Economic Growth Advisory Group will begin with a series of meetings over the next six months, as UK Government priorities on economic growth and clean energy are developed.

Alison Orrells, Chair, CBI Wales, said:

I welcome the opportunity to share our members insights on the actions needed to unlock and drive sustainable economic growth and build prosperity in communities across Wales.

From regional investments and green growth projects, such as the freeports, to semi-conductor clusters, manufacturing and technology, service sector employers to a skilled workforce, Welsh businesses of all sizes and sectors are represented by the CBI and can play an essential role in enabling the government to deliver on its growth mission.

Shavanah Taj, TUC Cymru General Secretary, said:

We welcome the opportunity to participate in this advisory group to shape the vision for economic growth, industrial strategy and clean energy. Many parts of Wales have been scarred by deindustrialisation and underinvestment, which must be addressed.

These plans will shape workers futures throughout Wales, and we will be championing investment in manufacturing, decent work and a transition to net zero that leaves no community behind.

Oriel Petry, Senior Vice President, Head of Airbus Group UK Public Affairs

I am very pleased to join the Welsh Economic Advisory Growth Group at a time when unlocking the potential of the Nations and Regions sits at the heart of the governments mission tosecure the highest sustained growth in the G7.

I look forward to providing strong advocacy on the drivers for economic growth and how Wales can capitalise on its sectoral strengths whilst taking advantage of the industries of the future.

Dr Jenifer Baxter, CEO at Industry Wales, said:

Industry Wales looks forward to collaborating on shaping an industrial strategy that harnesses Wales strengths in high value manufacturing, clean energy, medical technologies and transport systems to drive innovation, digital connectivity and economic growth across Wales and The UK.

Sir Derek Jones, Independent Adviser at Cardiff University and Chair of Keolis UK, said:

There is now a clear consensus that economic growth must be the top priority for the UK, and that is certainly true for Wales. So I welcome the Secretary of States initiative in establishing the Group and look forward to making my own contribution to this vitally important work.

ENDS

Notes for Editors

The Welsh Economic Growth Advisory Groups initial membership includes:

• Alison Orrells, Chair, CBI Wales
• Dr Jenifer Baxter, Industry Wales
• Ben Francis, Wales Policy Chair, FSB
• Shavanah (Shav) Taj, Wales TUC General Secretary
• John-Paul (JP) Barker - Lead for West and Wales at PWC
• Jessica Hooper, Director, Renewables UK Cymru
• Kevin Crofton, Chair of Creo Medical
• Oriel Petry, Senior Vice President, Airbus
• Professor Paul Boyle, Universities Wales
• Sarah Williams-Gardner, Chair of Fintech Wales
• Sir Derek Jones, an independent adviser at Cardiff University and on the board of the Kings Trust in Wales,
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