Business links between Wales and the USA
Of the 250 plus North American companies that have bases in Wales, close to 50% of them are in the Advanced Materials and Manufacturing sector (AMM).
Wales has been at the forefront of engineering since the Industrial Age and now specializes in many sub-sectors of AMM including:
- Aerospace: Wales carries out 25% of the UK’s Maintenance, Repair and Overhaul of aircraft (MRO) and 50% of the world’s passengers fly on aircraft with wings made in Wales.
- Unmanned Aerial Vehicles: Parc Aberporth is one of the world’s largest testing sites for UAVs.
- Automotive: one third of all car engines manufactured in the UK are made in Wales.
12% of all North American Foreign Direct Investment (FDI) to Wales is in the Life Sciences sector, notably in Diagnostics and Medical Technology, Wound Healing, and Stem Cell Research.
Wales has particular strengths in Diagnostics, Medical Technology, Wound Healing and Stem Cell Research and enjoys a $150 m (£100m) dedicated Life Sciences Fund, and is home to Europe’s first Centre for NanoHealth, the Institute of Life Science, and the Welsh Life Sciences Hub.
GE Healthcare’s first Innovation Village in the UK recently opened in Cardiff which will grow emerging life science businesses and academic spin outs.
The Welsh Government has recently formed a $160 million Life Sciences equity investment fund to support companies in the sector.
Additionally, Welsh biotech companies like EKF, Penn Pharma, Biotec and Medaphor are doing business and investing in North America.
The Welsh Creative Sector is increasingly visible and many productions made in Wales have aired on BBC America.
The BBC’s 170,000 sq. ft. centre of excellence for drama at Roath Lock in Cardiff produces flagship programs like Dr Who and Sherlock for international audiences.
'Pinewood Wales'- Pinewood Studios have a 140,000 sq. ft. of commercial studio and production space in Cardiff.
The Welsh independent media production and distribution company ‘Tinopolis’, based in south Wales, has acquired three US production companies and makes TV programs for many of the major networks and cable channels in the USA.
‘King Arthur: Knights of the Round Table’ directed by Guy Ritchie, starring Hollywood stars Jude Law, Charlie Hunnam and Eric Bana was shot in the Snowdonia National Park in Wales.
Being part of the UK, Wales has all the advantages of investing in the UK plus much more including the availability of extra funding, a skilled and dedicated workforce, low commercial rents, and a great quality of life.