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Industrial strategy to boost growth and jobs in Wales

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A MODERN Industrial Strategy aimed at making the UK the premier destination for business investment and growth has been unveiled today (Monday, June 23), promising billions in investment and tens of thousands of new jobs across Wales.

The comprehensive 10-year plan, published by the UK Government, will significantly reduce electricity costs for more than 7,000 energy-intensive businesses by up to 25%. This includes industries such as automotive, aerospace, steel, chemicals, and glass, sectors crucial to the Welsh economy.

High electricity prices, historically among the highest globally, have long hindered UK manufacturing competitiveness. From 2027, the new British Industrial Competitiveness Scheme will lower electricity costs by up to £40 per megawatt-hour for affected businesses, exempting them from levies such as the Renewables Obligation, Feed-in Tariffs, and Capacity Market fees.

Further support is also being offered through the British Industry Supercharger, raising the discount on electricity network charges from 60% to 90% starting in 2026. These initiatives aim to level the playing field, supporting firms to invest, grow, and safeguard skilled jobs.

Prime Minister Keir Starmer described the strategy as a “turning point” for the UK economy, stating: “In an era of global economic instability, this provides long-term certainty and direction British businesses need to innovate, invest, and create quality jobs. Our message is clear: Britain is back and open for business.”

Secretary of State for Wales, Jo Stevens, highlighted the specific benefits for Wales, saying: “Wales has huge potential. This strategy harnesses our businesses and workforce strengths, particularly in aerospace, semiconductors, and emerging industries like floating offshore wind, positioning Wales as a global leader.”

Key Welsh-specific measures include:

  • Over £4 billion investment in the UK’s advanced manufacturing sector, significantly benefiting Welsh firms such as Airbus in Broughton, North Wales.
  • Establishment of a semiconductor doctoral training centre at Swansea University, enhancing South Wales’ globally recognised semiconductor cluster.
  • A Defence Growth Deal cluster leveraging Wales’ defence industry footprint.
  • A new British Business Bank champion for Cardiff Capital Region, connecting businesses and investors to stimulate growth.
  • A £30 million Local Innovation Partnerships Fund in collaboration with Innovate UK to spur innovation in Wales.
  • Enhanced investment opportunities through the National Wealth Fund and Development Bank of Wales.
  • A £600 million Strategic Sites Accelerator to increase investible sites and bolster regional growth.

Business and Trade Secretary Jonathan Reynolds emphasised the broader UK implications, noting: “We’ve secured £100 billion of investment in the past year alone. This Industrial Strategy will ensure the UK remains globally competitive by reducing energy costs, enhancing skills, and attracting billions for new business sites and research.”

Welcoming the strategy, Sarah Williams-Gardener, Chair of Fintech Wales, said: “We look forward to unlocking the full potential of financial services, especially the emphasis on AI and digital innovation.”

Frank Holmes, Chair of the Cardiff Capital Region Investment Board, added: “The renewed focus on industrial strategy and SME finance aligns with our regional vision, driving job creation and innovation.”

Louise Harris, CEO of Tramshed Tech in Cardiff, highlighted the strategy’s role in technology and innovation, stating: “Aligning local strengths with national ambitions will empower Welsh businesses to lead in sectors such as tech and advanced manufacturing, creating sustainable, high-quality jobs.”

The Industrial Strategy also includes sector-specific plans:

  • Advanced Manufacturing: £4.3 billion funding to anchor supply chains and promote zero-emission technologies.
  • Clean Energy: Doubling investments by 2035, including £700 million for clean energy supply chains.
  • Creative Industries: £380 million to boost growth in film, TV, gaming, music, and arts.
  • Digital and Technologies: Over £2 billion for AI and frontier technologies such as semiconductors in Wales.
  • Professional and Business Services: Enhancing global trust and adoption of UK-grown AI technologies.

The plan aims to deliver over 1.1 million well-paid jobs nationwide, driving economic prosperity, raising living standards, and positioning Wales at the forefront of the UK’s growth ambitions.

Farming

Basic Payment Scheme 2025 balance paid to 95% of Welsh farmers

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Final year of BPS as transition to Sustainable Farming Scheme begins

The WELSH Government says more than ninety-five per cent of farm businesses have now received their full or balance payment under the final year of the Basic Payment Scheme (BPS), ahead of the introduction of the new Sustainable Farming Scheme (SFS) in 2026.

Announcing the update on Friday (Dec 12), Deputy First Minister and Cabinet Secretary for Climate Change and Rural Affairs, Huw Irranca-Davies, confirmed that over 15,400 Welsh farm businesses have been paid £68.7m. This comes on top of the £160m issued in BPS advance payments since 14 October.

Final round of BPS payments

The Basic Payment Scheme, which has been the backbone of farm support in Wales for a decade, provides direct income support to help farmers plan and manage their businesses. BPS 2025 marks the last year in which full BPS payments will be made before the scheme begins to be phased out.

The Cabinet Secretary said officials would “continue to process the outstanding BPS 2025 claims as soon as possible,” adding that all but the most complex cases should be completed by 30 June 2026.

Payments issued today represent the main balance due to farmers following earlier advances, giving many businesses the cash flow they need during the quieter winter period—traditionally a challenging time in the agricultural calendar.

Shift to Sustainable Farming Scheme in 2026

From 1 January 2026, the Welsh Government will begin rolling out the Sustainable Farming Scheme, a major reform to how agricultural support is delivered. The SFS will reward farmers for environmental outcomes such as habitat management, carbon reduction and biodiversity improvements, alongside continued food production.

The government has argued that the new scheme is essential to meeting Wales’ climate and nature targets while ensuring long-term resilience in the sector. However, the transition has been closely watched by farming unions, who have raised concerns about the administrative burden, income stability, and the speed at which BPS is being phased out.

Mr Irranca-Davies reaffirmed the government’s stance, saying: “This government is steadfastly committed to supporting Welsh farmers to sustainably produce quality food. This is demonstrated today in our payment of the BPS 2025 balance payments and will continue throughout the transition period.”

Sector reaction

Farming unions are expected to scrutinise the detail of today’s announcement, particularly around remaining unpaid cases. Last year, late payments led to frustration in parts of the sector, with unions calling for greater certainty as the industry faces rising input costs, supply chain pressures and continued market volatility.

The move to the SFS remains one of the most significant agricultural policy changes in Wales since devolution. Ministers insist the shift is designed to support both food production and environmental stewardship, while critics warn the transition must not undermine farm viability—especially for family-run livestock farms that dominate rural areas such as Pembrokeshire, Ceredigion and Carmarthenshire.

What happens next

Farmers still awaiting their BPS 2025 balance will continue to be processed “as soon as possible”, the Welsh Government said. Officials will also publish updated guidance on the Sustainable Farming Scheme ahead of its launch.

The coming year will therefore become a pivotal moment for Welsh agriculture, as the long-standing BPS framework—which provided over £200m annually to Welsh farmers—makes way for a new results-based model that will shape the industry for decades to come.

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Improved train timetable launches across Wales

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Extra services, later trains and boosted Sunday routes as £800m rail investment takes effect

An improved train timetable has come into force across Wales today (Sunday, 14 December), with Transport for Wales (TfW) introducing more frequent services, stronger connections and additional late-night trains on key routes.

The winter timetable update brings one of the most substantial uplifts in recent years on the Wales and Borders network, forming part of the Welsh Government’s ongoing £800 million investment in brand-new rolling stock and reliability improvements.

More trains and later journeys

Among the upgrades, passengers will see:

  • A new hourly additional service between Chester and Wrexham, effectively doubling the frequency on one of the region’s busiest commuter corridors.
  • An extra train in each direction every day on the Heart of Wales line between Swansea and Shrewsbury.
  • Three later last trains from Cardiff to Treherbert, Aberdare and Merthyr Tydfil, supporting shift workers and the night-time economy.
  • A new hourly Sunday service on the Coryton line in Cardiff.

Cabinet Secretary for Transport and North Wales, Ken Skates, said improved connectivity was “absolutely vital” for economic growth and passenger confidence.

“These changes will make a real difference to customers, who will benefit from more services and greater connectivity,” he said. “This has been made possible by our £800m investment in brand-new trains for the Wales and Borders network.

“We will see the doubling of trains between Wrexham and Chester and a later service from the capital to valley communities. In South Wales, people will continue to benefit from simpler, fairer fares through TfW’s Pay As You Go service, and its forthcoming introduction in North Wales will help even more passengers access easy, transparent pricing.”

Full details of the updated timetable are available at: tfw.wales/service-status/timetables

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Wrecked guard boat still under watch off north Pembrokeshire coast

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Tidal changes monitored after dramatic early-morning rescue

A GUARD VESSEL that ran aground off the north Pembrokeshire coast in the early hours of Thursday morning (Dec 11) remains under close observation as tides continue to shift.

The Resolute, a 24-metre guard boat understood to be working for an offshore wind project off the Irish coast, had been sheltering in worsening weather when she was pushed onto rocks near Aber Hywel, Dinas, shortly after 3:25am.

Four crew members were onboard when the vessel grounded in rough seas and a strong southerly wind.

Major rescue effort launched

The crew issued an emergency alert, prompting a full multi-agency response.
A coastguard rescue helicopter, both Fishguard RNLI lifeboats, and coastguard teams from Fishguard and St Davids were sent to the scene.

Turbulent air made a winch rescue impossible and Fishguard’s all-weather lifeboat was unable to get close due to cliffs and submerged hazards. The inshore lifeboat was instead deployed to attempt a transfer in extremely challenging conditions.

During the evacuation, the third crew member descending to the vessel’s life raft slipped, fell into the water and was swept away. Speaking afterwards, RNLI crew member Cedwyn Rogers said the team immediately switched into “hyper-focused” mode as training took over.

Despite the casualty drifting, helm Warren Bean — a volunteer with more than 30 years’ RNLI experience — manoeuvred the lifeboat alongside, allowing crew to haul the man to safety. The remaining crew member was then retrieved, and all four were taken aboard the all-weather lifeboat and brought ashore to Fishguard.

All rescue units were later stood down.

Vessel still stranded and taking on water

The Herald understands that the Resolute remained aground on the rocks yesterday and was taking on water. The crew were later assisted back onboard by a local fisherman to assess damage on behalf of the vessel’s operators.

Management representatives from Ireland were due to arrive to draw up a recovery plan, including arrangements to remove fuel to prevent any potential environmental impact.

Further inspections have been taking place today as the team evaluates the next steps.

Coastguard statement

A spokesperson for HM Coastguard said: “At 3.28am on Thursday morning, HM Coastguard was made aware of a vessel with four persons onboard aground on rocks at Fishguard, Pembrokeshire. RNLI lifeboats and coastguard rescue teams from Fishguard and St Davids were sent to the scene. The four people aboard were rescued by lifeboat, and the helicopter was stood down. The vessel, which is still aground, is being monitored as tidal conditions change.”

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