Investment: Israel

(asked on 31st October 2016) - View Source

Question to the Wales Office:

To ask the Secretary of State for Wales, what assessment he has made of potential new investment opportunities between Wales and Israel since the Israeli business delegation visit to Wales in 2015.


Answered by
Alun Cairns Portrait
Alun Cairns
This question was answered on 8th November 2016

Inward investment continues to thrive in Wales. 2015/16 was the second best year on record for inward investment, with 97 new projects in Wales. These inward investment projects were from companies based in 23 countries around the world.

UK Government recognises the significant value to the Welsh economy from these investments - at least £660m - creating wider economic benefits, jobs and new business opportunities for Welsh companies through supply chains.

Lordan UK Ltd’s £1million investment into Wales is an example of the new investment opportunities that have arisen since the Israeli business delegation visit to Wales in 2015, which has generated further job and business growth.

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