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  1. ITV Report

Technology conference "will showcase Wales' strengths"

UK business secretary Vince Cable has announced that Wales will host an international technology conference. Photo: Dominic Lipinski / PA Wire

An international technology conference to be held in Newport will "showcase Wales' strengths" - according to the UK business secretary.

Vince Cable announced the two-day conference, which will take place in November, during a visit to South Wales today.

Officials hope the 'Embracing New Technology For Competitive Advantage' event will boost the economy and create jobs.

It follows the Nato summit next month and will also be held at the Celtic Manor in Newport.

Wales is already home to many successful companies. Some started here whilst others have come here to invest and grow.

This conference provides a good opportunity to show Wales' strengths as an excellent place to do business and one that is open to foreign investment.

– Vince Cable, UK Business Secretary

Today Mr Cable visited Sony's plant at Pencoed, Bridgend, which manufactures the credit-card-sized Raspberry Pi computer.

More than 3.5 million have been sold worldwide and one will be given to each of the foreign leaders attending the Nato summit.

Mr Cable also visited 3D printing firm Renishaw in Pontyclun, with business minister Edwina Hart in tow.

While the Nato summit provides an opportunity to promote Wales to the world, this investment conference will enable us to specifically showcase what Wales can offer the world of business and industry. The UK Investment Summit will focus on a range of emerging technologies that will allow us to highlight Welsh expertise in this field across a range of key industries. Wales has a compelling proposition to offer potential inward investors that want to grow their businesses.

– Edwina Hart AM

According to recent UKTI figures, Wales attracted 79 foreign investment projects in 2013-14 - the highest level in 24 years.

Its report also showed that across the UK 66,390 new jobs were created - the highest since 2001.

'Embracing New Technology for Competitive Advantage' will take place on November 20 and 21.