Review of the legislation managing the Welsh crustacean fisheries »The crustacean fisheries are the mainstay of the Welsh fishing industry, with £3.8 million worth of crustaceans landed into Wales in 2012.Learn more »
First Minister news conference
First Minister Carwyn Jones has held a press conference following the outcome of the Scottish Referendum result.
- Extra Safe Routes in Communities funding for Bridgend schools
- Ground-breaking North Wales clothing export centre opened
- First Minister news conference
In this section
- Business and economy
- Children and young people
- Culture and sport
- Education and skills
- Environment and countryside
- Equality and diversity
- Health and social care
- Draft 10-year plan for the early years, childcare and play workforce in Wales
- Inappropriate admissions guidance
- Draft guidance on housing association board member remuneration
- Reservoir Safety in Wales: Consultation on the Commencement of Schedule 4 to the Flood and Water Management Act 2010
- Devolution, Democracy and Delivery White Paper – Reforming Local Government
- Consultation on improving the availability of allotments and community gardens
Featured consultation »Draft guidance on notifiable event for registered social landlords
21 days left
Section highlightHousing (Wales) Act 2014The Act introduces significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
Legislative programme 2014 - 2015 »
Bills that the Welsh Government will bring forward in 2014/2015.Learn more »
Section highlightWales for Africa grant
The Wales for Africa grant supports projects that build mutually beneficial links between Wales and Sub-Saharan Africa.
1st Supplementary Budget 2014-15 »
The 1st Supplementary Budget proposes a number of changes to the Final Budget for 2014-15, which was published in December 2013.Learn more »
- Statistics & Research
Upcoming calendar »
See the schedule for all statistics and research releases.View upcoming calendar »
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.