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

EIW report on export finance in Wales, February 2019

The first in a series of bespoke reports produced by Cardiff Business School for Economic Intelligence Wales. The report is focused on Welsh supply and demand for export finance amongst small and medium-sized enterprises (SMEs).

Over the latest period, Wales has exported £16.5 billion in goods and £5.6 billion in services. This is particularly significant given the size of population. Machinery and transport makes up £8.5 billion of goods exports and Insurance and pension services make up £1.4 billion of services exports. The European Union is by far the largest customer for Welsh goods exports, accounting for 60% of the total Welsh goods exports market. The EU accounts for around 50% of the UK’s total goods export market.

The Export Finance Bespoke Report was published in February 2019. Some of the notable findings identified in the report include:

  • 11% of Welsh SMEs currently export. 13% were considering exporting.
  • For the majority of exporters, exports account for up to one-fifth of turnover.
  • 35% of manufacturing SMEs export.
  • The top three markets for Welsh SME exports are France, USA, and the Republic of Ireland.
  • A third of SME exporters and SMEs considering exporting see finance as a barrier.
  • 85% of exporters do not currently use export finance. Only a quarter knew this type of finance existed.
  • 30% of exporters who are not using export finance were interested in accessing export finance.
  • Exporters are most interested in these three export finance products:
    • Insurance or guarantees
    • Foreign exchange support
    • Loans for working capital

Download the report by clicking on the link below.

EIW report on export finance in Wales

Summary infographic

Quarterly reports on SME finance in Wales

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

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.