Meanwhile the number of overseas jobs safeguarded stood at
1515 taking the total number of overseas jobs supported to
4622.
The new jobs were the result of 57 foreign direct
investment projects based in Wales , with 53 of these
of these supported by the Welsh Government. Of these
57 projects, 30 came from companies based in Europe, 15
came from companies based in North America, nine came from
Asia Pacific and three came from the Middle East.
In addition Wales attracted 80 projects from other
parts of the UK and benefitted from 14 multi sited projects
that were part of wider UK investments.
Economy Secretary, said:
“These latest figures, and the 20% increase in new jobs
created in Wales by overseas companies, shows that
Wales continues to have a strong record in attracting
inward investment. This success is providing a real boost
to our economy and translating into thousands of
new and safeguarded jobs in communities right across
Wales.
“Inward investment, alongside growth of indigenous
business remains a key driver of our economy and our
Economic Action Plan sets out how we will continue to
maximise opportunities to bring further investment and
jobs here to Wales.
“Over the last year we are a proud to have welcomed
Spanish company CAF to Wales, who will build our first
modern train manufacturing facility, creating 300 new
jobs in the process. Meanwhile following Welsh Government
support for companies such as Dubai based Hotpack
Packaging, KK Fine Foods and life sciences firm Ipsen are
creating hundreds of jobs in North Wales.
“These sorts of wins can have huge impact on our economy
and we will continue working hard to build on our
success.”
The statistics also show that the total number of Welsh
Government supported jobs fell significantly when compared
with the previous year. The Economy Secretary explained
that the 2016-17 job supported figure was unusually
high. This was because it had included the
safeguarding of nearly 7000 jobs at Tata that were secured
following a package of Welsh government support.
