Economic Intelligence Wales

Quarterly and bespoke reports on the Welsh economy

  • Tracking the supply of, and demand for, finance across Wales
  • Improving the understanding of SMEs and their role within the Welsh economy
  • Creating innovative ways of measuring, interpreting and tracking SME data
  • Identifying and addressing Welsh SME finance data gaps
  • Improving the understanding of the Development Bank of Wales’ wider economic impact

 

Stakeholders

Economic Intelligence Wales is a unique collaboration between the Development Bank of Wales, Cardiff Business School and the Office for National Statistics (ONS).

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Cardiff Business School leads on producing the research outputs utilising data from the ONS, StatsWales, the Development Bank of Wales and other data sources. Representatives from the three organisations form the Economic Intelligence Wales Steering Group which reviews and approves research outputs for publication.

 

"I see Economic Intelligence Wales as a strategic national asset and a key mechanism that can help shape future policy development within the arena of access to finance."

Minister for Economy and Transport, Ken Skates

 


 

Our latest report

Equity Clusters in Wales, April 2019

Produced by Cardiff Business School for Economic Intelligence Wales (EIW), this is the second bespoke report since EIW launched last year. The Equity Clusters in Wales report follows the 2017 Small Business Equity Tracker which identified that equity deals tend to be grouped in geographic clusters and that Cardiff is one of the top 25 Local Authorities in the UK by number of equity deals.

Some of the notable findings identified in the Equity Clusters in Wales report include:

  • Geography matters. Information cannot always be communicated easily across distance as tacit knowledge, face-to-face contact and close networks are important factors for the emergence and growth of equity clusters.
  • The supply of seed investment (ranging from £15,000 to £500,000) in Wales for early stage businesses was viewed as sufficient, with these deals mainly involving angel investors.
  • There are encouraging signs that Cardiff is an emerging equity cluster due to the concentration of financial services companies, business accelerators, and number of equity deals.
  • Cardiff has three universities but, like Wales as a whole, has a low number of spinouts. As the Development Bank of Wales was the main funder of spinouts in Wales, it could help further develop the university spinout pipeline across Wales.   
  • More focus is needed on developing demand for equity across Wales in a wider number of sectors.
  • Alerting external equity investors to potential regional projects outside of South East Wales is a priority.
  • More should be done to alert Welsh SMEs to the advantages of equity and sources of equity.

Download the report or summary infographic by clicking on the links below.

Equity Clusters in Wales, full report, April 2019

Equity Clusters in Wales, summary infographic, April 2019

Quarterly reports on SME finance in Wales

Third in the 2018/19 series of quarterly reports produced by Cardiff Business School for Economic Intelligence Wales. QR3 builds on and expands the baseline picture of Welsh SME activity established in QR1 (June 2018) and QR2 (November 2018).

EIW Quarterly Report March 2019

This is the second in a quarterly series of Economic Intelligence Wales (EIW) reports by Cardiff Business School examining key SME trends in the Welsh economy, particularly in respect to the demand and supply for finance provision.

EIW Quarterly Report November 2018

This is the first in a quarterly series of Economic Intelligence Wales (EIW) reports by Cardiff Business School examining key SME trends in the Welsh economy, particularly in respect to the demand and supply for finance provision.

A summary infographic for the June 2018 quarterly report can be accessed below.

EIW Quarterly Report June 2018

Summary infographic

Bespoke reports

The report examines SME access to equity finance in Wales, and the extent to which Cardiff is a developing equity cluster, in order to potentially develop more clusters across Wales.  The bespoke report considers the definition of equity clusters, and combines a review of data with consultations with leaders in financial services. The report reveals a number of strengths, weaknesses, opportunities and threats for the growth of SME equity finance in Wales.

A summary infographic for the Equity Clusters in Wales 2019 report can be accessed below.

Equity Clusters in Wales, April 2019

Summary infographic

This report is focused on Welsh supply and demand for export finance amongst small and medium-sized enterprises (SMEs). The report examines the role of export finance for SMEs, and includes the findings from an Export Finance Survey of over 500 Welsh SMEs undertaken in November/December 2018, exploring SME export activity, intentions, finance needs and exporting constraints.

A summary infographic for the February 2019 quarterly report can be accessed below.

EIW Export Finance in Wales, February 2019

Summary infographic

Contact us

Economic Intelligence Wales is keen to encourage ideas, feedback and collaboration.

If you have any queries or feedback relating to specific Economic Intelligence Wales research outputs contact us.

If you are a University or independent research body that would like to collaborate with Economic Intelligence Wales please send us your details and a brief overview of the proposed research project.

 

Privacy notice

Under data protection law we must have a valid legal basis for collecting and using your personal information. When you contact us for more information about our products or services, we believe that we have a legitimate interest in being able to respond fully to your enquiry. Your personal data will only be used to respond to your query. For more information, see section two of our privacy notice.