Tuesday, April 12, 2011

How Liberal Democrats would boost the Welsh economy

Kirsty Williams, leader of the Welsh Liberal Democrats, took the opportunity of a visit to a food production business in Newport to highlight Welsh Liberal Democrat commitment to boost the Welsh economy. Accompanied at Clarks facility by Danny Alexander MP, Chief Secretary to the Treasury and Veronica German, South Wales East Assembly Candidate, Kirsty said that the Welsh Liberal Democrats would:

· Offer 5000 training grants (worth £2000 each) a year to new businesses that set up in Wales and take on young unemployed people.

· Create a Jobs and Growth Innovation Programme to increase the number of patents, establishing business mentoring schemes and upgrading old manufacturing sites for new jobs.

· Cut red tape for businesses by introducing a ‘one-in-one-out’ rule whereby no new regulation is brought in without other regulation being cut by a greater amount.

· Streamline inspection of businesses by co-ordinating and minimising the number of visits. We would target repeat offenders but inspect compliant businesses less, with the aim of co-operative compliance rather than prosecution.

· Allow councils to fund regeneration projects, paid for from future business rate income through Tax Increment Financing (TIF).

· Freeze business rates for a year.

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