Energy Wales Statement »The energy system in Wales is on the threshold of great change driven by new energy, technology and low carbon energy transition objectives.Learn more »
New law to reduce homelessness comes into force
The most fundamental reform to homelessness legislation in over 30 years comes into force across Wales.
- Deputy Minister for Skills visits Germany to learn more about their apprenticeship programmes
- GE Healthcare's first Innovation Village in the UK creates international interest from young life science businesses
- New law to reduce homelessness comes into force
- Welsh Government Draft Equality Objectives for 2016-2020
- Future arrangements for the Welsh Government’s Equality and Inclusion Programme for 2017-2020
- Consultation on guidance for commissioning substance misuse services
- Devolution, Democracy and Delivery White Paper - Reforming Local Government: Power to Local People
- Interim non-statutory standards for sustainable drainage (SuDS) in Wales – designing, constructing, operating and maintaining surface water drainage systems
- Local Government (Wales) Measure 2009 – Part 1 Guidance to Fire and Rescue Authorities and Fire and Rescue Authorities Support and Intervention Protocol
Section highlightRegulation and Inspection of Social Care (Wales) BillThe Bill will improve the quality of care and support in Wales and strengthen protection for citizens.
Legislative programme 2014 - 2015 »
Bills that the Welsh Government will bring forward in 2014/2015.Learn more »
Section highlightTaxes in Wales
The devolution of some taxes to Wales from April 2018 provides us with the opportunity to reshape those taxes to better meet our circumstances and priorities.
Final Budget 2015-16 »
The amount of funding allocated to Welsh Government Departments for 2015-16 is £15·3bn.Learn more »
- Statistics & Research
Written Statement - Life Sciences Wales Investment Fund
Today I announced a Welsh Life Sciences Fund, to transform the Life Sciences sector in Wales. The Life Sciences Wales Investment Fund will be a dedicated equity fund worth up to £100 Million to invest into life sciences businesses located in Wales.
The Fund is designed to ensure that Life Sciences businesses can start and grow in Wales. It will capture the commercial potential of the significant investment being made by the Welsh Government into Science R&D in Wales.
Wales already has a promising Life Sciences sector, which is worth at least £1.3 Billion to the Welsh economy. Investments made by the Fund will enable businesses to grow faster and further by developing, for example, innovative technologies and therapies for the NHS and bringing them quickly to market. This should reduce costs and improve patient care.
The Fund complements the Welsh Government’s new science strategy ‘Science for Wales - a strategic agenda for science and innovation in Wales’, which was launched yesterday by the First Minister and included an additional £50 Million for Science R&D in Welsh universities over the next five years. The Welsh Government also invests over £40 Million in NHS Wales R&D every year. The Fund will ensure that commercial outcomes from this R&D investment are retained in Wales.
The Welsh Government is putting £25 Million into the Fund immediately, to enable the Fund to make its first investments into businesses this year.
Our Life Sciences Panel anticipates the Fund will attract match funding from the private sector. A dedicated Investment Panel and Fund Management Team will be recruited shortly. These will be experienced life sciences investors with a proven track record of success at an UK and global level.