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ELEVEN TOP WELSH BUSINESS LEADERS TEAM UP TO SAY WE ARE STRONGER IN EUROPE

LEADING figures from the Welsh business world have teamed up to say the Welsh economy is stronger, safer and better off in Europe.

The group – which includes Sir Terry Matthews, JoJo Maman Bebe founder Laura Tenison and Cardiff Airport chief Roger Lewis – say access to the single market is vital for our economic prospects.

The letter reads:

“Our membership of the EU is vital to the Welsh economy – giving Wales favourable access to a market of 500 million people, supporting competitiveness and innovation and spreading investment in infrastructure to all parts of Wales.

“Wales exports goods worth £5billion to the EU, around 40% of our total exports. There are also 500 firms from EU countries who have operations here in Wales, where they can access a highly skilled workforce, extend local supply chains and invest across the continent whilst benefiting from the single market.”

The business letter – also signed by Derek Walker from the Wales Co-op Centre, Matt Southall of Acorn and Equinox’s Zara Cottle – goes on to highlight the positive impact being part of Europe has had in delivering training schemes for young people. The letter says:

“Investing in skills is so important to raise income levels and encourage further business growth, and in this decade, we will see £1billion of EU funds invested in young people, training and skills.

“That is why whenever a business organisation surveys its members, the majority of business leaders make it clear that the best interests of the UK and the Welsh economy is to remain within the EU.”

Wales Stronger In Europe chair Geraint Talfan Davies said:

"In any field, you would do well to listen to those at the sharp end, the risk takers - and that is what we have here.

“There can be no-one better placed to assess the referendum risks and rewards facing Wales, and they all say our future prospects are stronger in Europe.

"But this is not just about opportunities for profit and trade - as the signatories of this letter say, membership of the European Union offers us access to vital funds for training and apprenticeships. These roles will be vital as we look to build a brighter future for Wales.

"We owe it to our young people to make sure funding for these opportunities continue to be available. We owe it to our young people to vote Remain on June 23."

The letter was also signed by IQE’s Drew Nelson, Arnold Kammerling from Carl Kammerling International, BT’s Alwen Williams, Comtek managing director Askar Sheibani and Lord Mervyn Davies.

 

The letter reads:

Wales is a great place to do business, but in a competitive world, we need to continue to invest in skills, infrastructure and innovation so we can continue to drive prosperity across the nation.

Our membership of the EU is vital to the Welsh economy – giving Wales favourable access to a market of 500 million people, supporting competitiveness and innovation and spreading investment in infrastructure to all parts of Wales.

Wales exports goods worth £5billion to the EU, around 40% of our total exports. There are also 500 firms from EU countries who have operations here in Wales, where they can access a highly skilled workforce, extend local supply chains and invest across the continent whilst benefiting from the single market.

Investing in skills is so important to raise income levels and encourage further business growth, and in this decade, we will see £1billion of EU funds invested in young people, training and skills.

That is why whenever a business organisation surveys its members, the majority of business leaders make it clear that the best interests of the UK and the Welsh economy is to remain within the EU.

Our businesses have experienced the benefits of working within the EU, and we look forward to continuing to grow. We are voting to Remain.

Signed by:

Terry Matthews,

Drew Nelson, IQE

Laura Tenison, JojoMamanBebe

Roger Lewis, Cardiff Airport

Arnold Kammerling, Carl Kammerling International

Derek Walker, Wales Co-op Centre

Matt Southall, Acorn

Zara Cottle, Equinox

Alwen Williams, BT

Lord Mervyn Davies

Askar Sheibani, Comtek