The Welsh Government is providing £1 million of funds to establish a business hub to support the creation of 100 new enterprises and 260 jobs.
A two-year pilot scheme in Wrexham, north Wales aims to secure a similar amount of private investment.
Innovation and entrepreneurship are vital drivers for the economy and I want to continue to create the best environment for entrepreneurs across Wales and will be using the pilot to inform my future economic priorities.
The importance of providing space, community and support for aspiring entrepreneurs is key to success and I am keen to build on and complement the existing infrastructure across Wales.
The general secretary of the union Unite, Len McCluskey, will meet with workers of Ford's car factory in Bridgend today amid concerns over the future of their jobs.
McClusky will also meet with management and will stress the need for assurances of the company's commitment to Wales.
The company has previously said it doesn't plan any job losses and that it still had a "substantial commitment" to the plant.
I have been talking to Ford's European chief executive about the future of the Bridgend plant. Unite will work with Ford and all industrial employers to secure the future of jobs and skills in Wales against the many challenges they face, not least from the government's apparent determination to take Britain out of the single market.
A scheme which helps out of work parents in Wales access education, employment and training opportunities will be extended, the Communities Secretary has announced.
The Parents, Childcare and Employment Programme (PaCE), which has a budget of over £13.5 million, targets unemployed parents whose childcare commitments prevent them from accessing such opportunities.
Today Carl Sargeant has confirmed the programme, which is jointly funded by the Welsh Government and EU, will be extended until the end of March 2020.
We know there are a number of barriers that can prevent parents entering work including the availability of jobs with flexible or suitable working hours and the cost of quality childcare. We want to help create resilient communities where people are ready and able to work. To date, PaCE advisers have been very effective in finding a variety of solutions to overcome childcare barriers, including encouraging employers to consider employing PaCE participants on a part time basis to accommodate childcare commitments.
The Welsh Government has published a Trade Union bill to exempt Welsh public sector workers from legal requirements imposed by WestminsterRead the full story ›
Unite Wales says TATA employees will not be guided by “publicity seeking politicians”
This week Adam Price, Plaid Cymru’s Economy spokesman, called on Port Talbot's steelworkers to reject the pensions deal on offer from owners Tata.
The comments made by Plaid Cymru are deeply unhelpful at the present time.
Each employee of TATA has a difficult and personal decision to make.
As a Union we will be guided by our members.
It is for them to instruct us as to what their collective position will be on the proposals.
In December the Indian steel giant made a commitment guaranteeing production at Port Talbot for five years and pledging to seek to avoid compulsory redundancies.
It also announced that it would consult with workers on closing the existing British Steel pension scheme and replacing it with a new, defined contribution scheme.
Unions will ballot their members on the proposals later this month.
Mr Price said that the works should be temporarily nationalised and the sales process reopened if Tata does not rethink its offer.Read the full story ›
150 jobs 'to go' as Newport bakery Avana Bakeries in Rogerstone is set to close.Read the full story ›
During 2016 Wales has experienced record levels of employment, but it dipped slightly in the last quarter.Read the full story ›
James Bond car maker Aston Martin has moved a step closer to opening a new factory in South Wales as the firm secured the land it will be built upon.
The luxury marque announced earlier this year it will build its new DBX model at a plant in St Athan in the Vale of Glamorgan from 2020 following a worldwide search for a new manufacturing facility.
The development, as part of a £200 million investment, will be Aston Martin's second factory and will create an estimated 750 jobs at the plant and 1,000 jobs in the wider supply chain and local businesses.
We are delighted that Aston Martin has chosen to locate its new manufacturing facility here in Wales and that the land sale is now complete.Aston Martin's move here is fantastic news for the Vale of Glamorgan and surrounding areas, and will provide a real boost to the local economy, resulting in thousands of high quality jobs both within Aston Martin and the wider supply chain.
Aston Martin choosing Wales sends a clear message to leading global companies around the world that Wales is open for business.We have created the ideal conditions for economic growth, which helped attract this unique and innovative car manufacturer to South Wales. Today's announcement reflects the excellent infrastructure, a world class talent pool and businesses that have the confidence to expand in Wales
This is hugely welcome news for Wales and the Vale of Glamorgan and comes after the Conservative Government’s positive intervention and successful pitch to the company to build its DBX Concept car in St Athan.
By laying strong economic foundations, Conservatives have created an environment where prestigious companies such as Aston Martin are attracted to invest in Wales – and this is set to continue.
Employment optimism has fallen to its lowest level since 2014. A survey found hiring intentions in Wales fell by two points.Read the full story ›