Wales shows green shoots of economic recovery and growth
April 6, 2011 by Michael
A survey recently conducted by Royal Mail shows that a number of cities in Wales have seen positive business growth over the past year.
The survey showed growth in Newport, Wrexham and Swansea, with Swansea almost topping the list of 100 areas around the UK to show business growth by taking second place to Lincoln.
The report was based on the number of businesses moving to an area, opening new premises or recently starting up. This is great news for Wales showing there is increased confidence in the potential of the area and whilst the economic climate is still somewhat delicate, it shows that Wales – both North and South – could be on the road to recovery.
When a business starts up or relocates to an area, it can often bring prosperity to other local companies who they use to help get their business off the ground. For example, new shops may use local cash and carry depots and new offices may use local companies for services like business card printing. As Wrexham, Swansea and Newport are all showing positive growth in terms of the number of businesses operating out of these cities, the existing organisations already based in these areas are likely to benefit from the growth.
The results from the Royal Mail survey have been received well by local authorities, with Swansea Council’s business development manager Steve Marshall saying that the findings mirrored activity at the Swansea Business Centre. Businesses around Wales should be buoyed by the survey results, which highlights the importance of supporting local companies by using them for services, whether it is buying goods locally from wholesalers in Swansea or using local printing companies for business card printing in Wrexham.