Businesses in Wales are being encouraged to help the devolved government expand a ‘green economy’ which is estimated to have contributed £8bn to the wider Welsh economy.
At an event in London later, Natural Resources minister Alun Davies will launch a prospectus, Green Growth Wales: Investing in the Future, which includes:
- waste infrastructure investment of £750m
- further devolution and borrowing powers of up to £500m for capital investment
- the launch of Resource Efficient Wales to provide a single point of advice on energy, waste and water
Davies, left, said: “Wales is already a great place to do business but I want it to be a world leader in green growth. I believe that by using our natural resources sustainably we can create a new economic model that will deliver wealth creation and economic growth, both now and in the future.
“Urgent and growing economic challenges such as resource constraints and climate change all point to the fact that business as usual is not an option. Green growth will create an environment that delivers opportunities, jobs and international competitiveness and I am determined that Wales is right at the centre of this, working closely with business to deliver the best long terms outcomes for them and for Wales.”
The minister was speaking at a Mansion House event, hosted by the Lord Mayor of London on behalf of Natural Resources Wales (NRW), the body responsible for the sustainable management of Wales’ natural resources.
Peter Matthews, the chair of NRW, said: “The natural environment is already worth more than £8bn to the Welsh economy but there is potential for more. Our aspiration is for Wales to become a ‘location of choice’ for enterprise and business, where best environmental practice is the norm.”
Davies invited businesses to engage with the Welsh Government to discuss future investment opportunities and the ways in it could provide support.
- The 5 July issue of MRW takes a detailed look at waste in Wales