The Wales Innovation Award is a new target for Welsh Industry and Welsh organisations. Innovation is a key business tool that has helped companies large and small exceed expectations year on year by adopting new thought processes or developing new products or services. The Wales Innovation Award will recognise those organisations in Wales which excel within these categories and will highlight them as examples to others. It will also recognise that innovation is not possible without people – the backbone of any successful organisation.
The aim is to establish the Wales Innovation Award as a key diary event for organisations of all sizes across Wales to sit back and think about their innovative
capabilities and to showcase what they have achieved over the years. More information here…
Categories: Business News
Used Tyre Distillation Research Ltd is a commercial plant that will be able to process two million old car tyres into oil and it is to be built in the Wrexham area under a £4m project.
Up to 20 jobs will be created by the firm once it’s plant at Ruabon is fully operational and producing 6.5m litres of oil a year. A further 50 engineering jobs could be created as the technology is licensed for use in other parts of the UK and the world. tests have shown that oil from car tyres is comparable to crude oil.
Categories: Business News
A new survey has revealed that confidence levels amongst entrepreneurs in Wales are continuing to deteriorate. The Bank of Scotland Business Banking’s Small Business Confidence Index reveals that small business confidence has fallen for four quarters in a row.
Nearly three quarters of small business owners in Wales now expect general economic conditions to worsen over the next twelve months.
Categories: Business News
Wales saw an increase in business failures in the first quarter of 2008 compared to the same time last year, says business information provider Equifax. It advises firms to expect a tough year ahead.
Categories: Business News
