{"title":"Max headroom: making time and space for Welsh manufacturing SMEs to flourish.","authors":"David Pickernell","doi":"10.18573/wer.268","DOIUrl":"https://doi.org/10.18573/wer.268","url":null,"abstract":"The Welsh manufacturing sector has undergone significant change over the last decade, with new technologies, greater promotion of the circular economy by policymakers, and a competitive environment affected by Brexit, covid and energy price rises, all impacting the business landscape. Consequently, Welsh manufacturing businesses, the vast majority of which are micro, small, or medium-sized enterprises, face issues concerning supply chains, training and skills, innovation, finance, infrastructure, and sustainability. This report summarises a recent study conducted by Swansea University, on behalf of the Federation of Small Businesses (Pickernell et al 2023). The research investigated the issues faced by Welsh small and medium-sized enterprises (SMEs), and identified short-term problems with energy and infrastructure, and difficulties recruiting sufficient qualified staff, as well as a lack of Welsh-based suppliers for many of the resources Welsh SMEs required. The research also highlighted the gap between short-term pressures and long-term vision, but that bridging that gap would allow Welsh manufacturing businesses to place themselves on a more resilient footing, build skills and employment and prepare for future opportunities.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140389036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Gary Walpole, Peter Treadwell, Laura Steffes, Emily Bacon, Nick Clifton
{"title":"Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.","authors":"Gary Walpole, Peter Treadwell, Laura Steffes, Emily Bacon, Nick Clifton","doi":"10.18573/wer.270","DOIUrl":"https://doi.org/10.18573/wer.270","url":null,"abstract":"The Intergovernmental Panel on Climate Change (IPCC) recently advised that “climate change is a grave and mounting threat to our wellbeing and a healthy planet” (2023, p.6). This threat underlines the importance of developing businesses innovation capabilities and implementing Circular Economy (CE) principles. Organisations that have developed innovation capabilities are most likely to implement CE principles within their organisations. However, the UK has suffered a ‘long tail of productivity’ largely due to the UK’s relatively low levels of innovation across the firm population. In Wales, the location of this study, output per hour worked was almost 16% below the UK average in 2021, suggesting that the levels of innovation capability might hinder CE implementation. Therefore, evidence on programmes that support organisations to develop their innovation capabilities and their CE understanding should be of interest to policymakers, academics, and practitioners. This paper presents data collected from a university designed CE innovation programme, the Cardiff Circular Economy Network, and suggests that the novel approach adopted enhanced the innovation capabilities and CE knowledge of participants.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" 38","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140389466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"5G Wales Unlocked.","authors":"Dylan Henderson","doi":"10.18573/wer.269","DOIUrl":"https://doi.org/10.18573/wer.269","url":null,"abstract":"This paper examines Department for Culture, Media and Sport (DCMS) and Welsh Government support for 5G deployment in rural areas of Wales. This project introduced several use cases based on 5G-enabled digital applications in Monmouthshire and Blaenau Gwent. The findings highlight the ongoing challenges associated with 5G deployment in rural Wales, and the current lack of a business model for 5G deployment by Mobile Network Operators (MNOs) in such areas. The report illustrates how the public sector may collaborate with private actors to develop an experimental approach to 5G deployment challenges faced in rural areas. This approach is based on an iterative learning process, in which small-scale experimental actions aimed at identifying sources of demand and understanding the potential impacts of new technology solutions are established. The report suggests that policy action is required at multiple levels of governance in such experimentation to address the challenge of deploying new 5G, and to ensure that firms and public service provision in rural parts of Wales are not disadvantaged.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" 38","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140388132","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Welsh productivity performance: lost cause or still waiting for a miracle?","authors":"Andrew Henley","doi":"10.18573/wer.267","DOIUrl":"https://doi.org/10.18573/wer.267","url":null,"abstract":"Wales has a chronic and severe problem of low productivity, and shares with the wider UK two decades of stagnant productivity. Significantly, Wales has a severe and persistent productivity gap with other UK nations and regions, and with other international competitors. The aim of this paper is to give an overview of the issues together with some analysis of both the Welsh productivity gap and the intra-Wales dispersion of productivity. The paper describes potential macro and micro productivity drivers and argues that there is an urgent need to (re-) promote productivity within Wales as a policy objective.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140388225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Welsh voluntary sector funding in the post-2010 austerity period","authors":"Nikos Kapitsinis","doi":"10.18573/WER.261","DOIUrl":"https://doi.org/10.18573/WER.261","url":null,"abstract":"The paper examines the funding of Welsh voluntary sector organisations (VSOs), in terms of income source and type, in the aftermath of the 2007-08 global economic crisis, seeking to explore marketisation trends. A detailed examination of voluntary sector income from 2010-11, at the beginning of the austerity period, to 2016-17, the financial year with the latest available figures, provides valuable insights to both academic and policy inquiry about VSOs and their financial resilience. Several works have examined the voluntary sector funding in the aftermath of the 2007-08 economic crisis (Osborne, 2012; Clifford, 2017). Osborne (2012) indicated that Scottish charities reacted positively to the effects of the recession, with Scottish Government funding increases compensating for the decline in voluntary donations. Clifford (2017) showed that English and Welsh charities’ income had significantly declined from 2008 to 2014. This paper provides some insights into how VSOs might respond to the current economic conditions affecting the Welsh economy.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41379407","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reconsidering place branding: ‘connecting the dots’ between placemaking, policy making and sustainable development","authors":"Laura Reynolds","doi":"10.18573/WER.260","DOIUrl":"https://doi.org/10.18573/WER.260","url":null,"abstract":"This article sets out developments in the place branding literature, detailing its potential to support sustainable development when considered as a process that reflects and supports the place and its people, policies and practices. To achieve these aims, it is suggested that a greater unison of place branding and placemaking needs to occur, supporting the ongoing involvement of people in the shared (re)invention of lived-in places. Both of which benefit from collaborations and partnerships with stakeholders, helping to (re)create and (re)present the places in which they live, work, visit, and invest in. Building on these assumptions, this article looks at how placemaking and place branding are interwoven into the Well-being of the Future Generations (Wales) Act 2015, which provides the legislative and policy backing to enact substantive change and support sustainable development in Wales. Based on reflections of the Act and the Future Generation Report (2020) this paper proposes that policy making can help to bring together placemaking and place branding, and when all three components are pursued collectively and in unison they can bring about substantive economic, social, cultural and environment benefits.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48646087","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Planning for sustainable tourism development in Wales: an analysis of destination management plans","authors":"S. Nicholls, Kate Organ, Bethany A Cummings","doi":"10.18573/WER.257","DOIUrl":"https://doi.org/10.18573/WER.257","url":null,"abstract":"Tourism is a vital component of the Welsh economy and the need to incorporate sustainability principles into new and more responsible forms of tourism development is now widely accepted. Sustainability in a tourism context is multi-faceted, involving consideration of the economic, sociocultural and environmental impacts of tourism on all of the people and places impacted by it, including tourism and non-tourism businesses, residents and guests. Planning for sustainable tourism is therefore complex, requiring integration with other relevant planning processes; wide-ranging stakeholder participation; and, an integrative, iterative and strategic approach. This study assessed the extent to which Wales’ regional tourism entities have to date incorporated a stakeholder-driven, sustainability-focused mindset into their planning activities. Evaluation of 22 recent destination management plans revealed that there are many opportunities for improvement in the extent to which the desires of the industry, visitors and residents, and the conditions of the local economy, society and environment, are given equal consideration in tourism planning efforts. The need to refocus is especially important in light of Visit Wales’ recently articulated new ambition for tourism and the broader aspirations of the Well-being of Future Generations Act.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43090878","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Andrew Henley, Darja Reuschke, E. Daniel, V. Price
{"title":"Self-employment in Wales during the COVID-19 Pandemic","authors":"Andrew Henley, Darja Reuschke, E. Daniel, V. Price","doi":"10.18573/WER.259","DOIUrl":"https://doi.org/10.18573/WER.259","url":null,"abstract":"The economic fall-out from the COVID-19 crisis continues to wreak serious damage in the labour market, and at the time of writing the full extent of this damage is some way from becoming apparent. One significant group of workers who have been very badly affected by the economic shock resulting from ‘lockdown’ are the self-employed. In previous analysis it was reported that almost 4 in 10 of the jobs created in Wales over the decade following the 2008 financial crisis were in self-employment (Henley and Lang, 2017). Furthermore, this analysis demonstrated the high degree of diversity of self-employment activity across Wales, both in spatial and sectoral dimensions. This paper looks at how this group in Wales have fared so far during the crisis and makes some suggestions on how policy may address the prospects of the self-employed.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44889537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A road for regional recovery? The socio-economic impacts of local spending on the A465 road improvement scheme in South Wales","authors":"M. Munday, Laura Reynolds, A. Roberts","doi":"10.18573/wer.255","DOIUrl":"https://doi.org/10.18573/wer.255","url":null,"abstract":"M u n d ay, M axim ORCID: h t t p s://o rcid.o r g/00 0 0-0 0 0 1-9 0 6 7-2 4 8 1, Reynolds, Lau r a a n d Rob e r t s , Anne t t e ORCID: h t t p s://o rcid.o rg/00 0 0-0 0 0 2-6 6 1 7-7 8 0 8 2 0 2 0. A ro a d for r e gion al r ecove ry? The socio-e cono mic im p a c t s of local s p e n din g on t h e A465 ro a d imp rove m e n t sc h e m e in Sou t h Wales. Welsh Econo mic Review 2 7 , p p. 2 5-3 2. 1 0 .18 5 7 3/w er.25 5 file","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47110524","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Perspectives on innovation within medium-sized firms in Wales","authors":"J. Barker, Nick Clifton, Gareth Loudon","doi":"10.18573/wer.253","DOIUrl":"https://doi.org/10.18573/wer.253","url":null,"abstract":"Article published in Welsh Economic Review on 28th February 2020, available open access at: https://doi.org/10.18573/wer.253.","PeriodicalId":33350,"journal":{"name":"Welsh Economic Review","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46773743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}