WELSH SECRETARY Jo Stevens has chaired the first meeting of the Welsh Economic Growth Advisory Group, an initiative aimed at boosting prosperity, shaping the UK’s industrial strategy, and positioning Britain as a global leader in clean energy.

The meeting, held on Monday (Dec 2), brought together representatives from both governments, alongside leaders in business, education, industry, and unions, to influence cross-government policy. The group’s goal is to enhance economic growth, create jobs, and increase household incomes across Wales.

Supporting Welsh innovation

As part of this initiative, Stevens met with leaders in Wales’s digital and technology sectors to explore growth opportunities. Last week, she toured Wolf Studios in Cardiff Bay, home to productions such as *Doctor Who* and *A Discovery of Witches*, while discussing Wales’s creative industries.

Speaking after the meeting, Jo Stevens said: “I was thrilled to meet some of Wales’s most talented and ambitious minds and hear their ideas on how we usher in a new era of prosperity. This partnership has hit the ground running, working at pace to rekindle Wales’s proud industrial roots with jobs and industries of the future.”

Focus on key sectors

The group is expected to play a pivotal role in shaping the UK Government’s Industrial Strategy, which will prioritise Welsh industries. Their recommendations will also inform Welsh priorities for the UK Spending Review in spring 2025.

Since July, the UK Government has announced more than £1 billion in investments for North Wales, launched Growth Deals and Investment Zones, secured a steel industry deal for Wales, and delivered a record Budget settlement for public services. Over the next six months, the advisory group will meet regularly to refine priorities for economic growth and clean energy.

Voices from across Wales

Alison Orrells, Chair of CBI Wales, said: “I welcome the opportunity to share our members’ insights on actions needed to drive sustainable growth and prosperity across Wales. From regional investments to green growth projects and semiconductor clusters, Welsh businesses can play a crucial role in delivering this mission.”

Shavanah Taj, General Secretary of TUC Cymru, highlighted the need to address economic inequalities: “Many parts of Wales have been scarred by deindustrialisation and underinvestment. These plans must prioritise decent work, manufacturing, and a just transition to net zero.”

Oriel Petry, Head of Airbus Group UK Public Affairs, said: “I look forward to advocating for Wales to capitalise on its sectoral strengths and industries of the future.”

Dr Jenifer Baxter, CEO of Industry Wales, added: “Industry Wales is excited to help shape an industrial strategy that drives innovation and economic growth through high-value manufacturing, clean energy, and digital connectivity.”

Sir Derek Jones, Independent Adviser at Cardiff University, concluded: “Economic growth must be the top priority for Wales. This initiative is a vital step in ensuring that goal is achieved.”

The Welsh Economic Growth Advisory Group marks a fresh approach to tackling Wales’s economic challenges and unlocking its potential for future prosperity.