UWTSD to welcome CBI Wales chair Michael Plaut to Swansea Business School on February 9


UWTSD is delighted to welcome CBI Wales chairman Michael Plaut to Swansea Business School on February 9 at 5.30pm. Mr Plaut will deliver a talk to staff and students entitled ‘A More Prosperous Wales’, which will detail the nine-step plan, adopted by CBI Wales to make Wales prosperous.

The talk is the latest in a series to be hosted by UWTSD, focusing on the Welsh Government’s Wellbeing of Future Generations (Wales) Act (2015). The aim of the lectures is to invite leading thinkers in their field to the University to explore each of the seven goals and to provide insights on how public sector organisations can work together to deliver on the Act.

The CBI’s new publication, Targeting Success, sets out the nine critical business issues which, if acted upon, will give the new Welsh government a chance to build valuable early momentum and show an expectant business community that the government means business.

Manjit Biant, UWTSD’s Lecturer in Accounting and Finance said: “We are delighted and privileged to have Michael with us at the Business School. As part of the Swansea Business School commitment to the Future Generations Act, Michael will be sharing with us his thoughts and insights on a Prosperous Wales, and with Brexit looming now is the time to work and move forwards.”

The CBI have identified the flagship policies which can help the new government set Wales on course for increased investment and greater opportunity. To deliver growth, Wales needs dynamic regions, robust economic infrastructure and young people with the right skills. The nine steps are:

Step 1

Commission a new national economic strategy that enhances competitiveness and productivity through a more attractive business environment, greater support for medium-sized businesses and closer working with UKTI.

Step 2

Develop a whole-government competitiveness strategy that commits each government minister to develop a departmental delivery plan with challenging key performance indicators.

Step 3

Create an independent Welsh infrastructure commission by 2017, with responsibility for the long-term design and delivery of all nationally significant infrastructure projects.

In addition, publish a timetable to begin delivery of critical infrastructure including the M4 Black Route, the south Wales Metro, rail electrification, improvements to the A55 and digital connectivity.

Step 4

Align skills provision with the needs of the Welsh economy by harnessing the power of our nation’s universities and colleges.

Support vocational degrees, increasing the take up of STEM courses, and ensure apprenticeships receive their share of the funding raised by the UK apprenticeship levy.

Step 5

Maximise the economic potential of city deals by devolving appropriate growth drivers from both Welsh government and local authorities to dynamic regional development corporations for north Wales, south east Wales and south west Wales.

Step 6

Commit to developing a devolved tax roadmap that maximises certainty for business and strengthens the attractiveness of Wales as a place to do business.

This should include a commitment to review business rates to ensure businesses in Wales do not face a competitive disadvantage set against reforms elsewhere in the UK.

Step 7

Publish an ambitious building plan which removes the main barriers to housing growth and helps us to build the mix of housing needed to meet demand.

Step 8

Create a bold new vision to deliver public services Welsh citizens need. Business wants coherent re-engineering of services to deliver real benefits for users and front-line staff.

Step 9

Wales needs no more than eight local authorities and action should be taken to deliver this goal by 2018. Current boundaries create artificial barriers which hinder local businesses: at most eight local authorities would give Wales the critical mass needed to deliver services in a consistent and efficient manner.

Delivering these priorities takes leadership, political courage and determination but will lay the foundations for long-term international competitive advantage - business stands ready to work with the new Welsh Government to make this vision a reality.

The talk takes place at Swansea Business School, High Street, Swansea SA1 1NE. The event is free.

Further Information

For further information, please email: press@uwtsd.ac.uk