Quarterly, annual 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
Economic Intelligence Wales is a unique collaboration between the Development Bank of Wales, Cardiff Business School and the Office for National Statistics (ONS).
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."
Our latest report
Annual Report, August 2019
This is the first Economic Intelligence Wales Annual Report. This report develops and expands the baseline picture of Welsh SME activity established in the first three quarterly reports of the 2018/19 financial year and analyses the impact of the investments made by the Development Bank of Wales.
Some of the notable findings identified in the Annual Report include:
- Despite a sharp 20% decline of micro business turnover in Wales captured in EIW QR3 and the recent increase in High risk credit ratings, Welsh SME confidence levels and the proportion of SMEs making use of external finance remain higher than the UK averages.
- Current labour market strength hides real uncertainty facing some goods and services sectors, while positive GDP growth in 2019Q1 could be associated with manufacturing stockpiling to deal with the original Brexit deadline.
- Welsh Index of Production Output slowed, countering UK wide growth, but the Welsh Index of Construction Output showed an impressive 29% growth.
- Over the same period, new dwellings in Wales have increased by 22% and the Construction sector was the largest recipient of investments by Development Bank of Wales, receiving £28m during 2018/19.
- Every £1m of Development Bank investment can be connected to an estimated £2.3m of Welsh Gross Value Added (GVA).
Download the report by clicking on the link below.
Quarterly and annual reports on SME finance in Wales
This is the first Economic Intelligence Wales Annual Report. This report develops and expands the baseline picture of Welsh SME activity established in the first three quarterly reports of 2018/19. It finds that over the last year, indicators of economic health are presenting conflicting messages. Despite a sharp 20% decline of micro business turnover in Wales captured in EIW QR3 and the recent increase in High risk credit ratings, Welsh SME confidence levels and the proportion of SMEs making use of external finance remain higher than the UK averages.
A summary infographic for the August 2019 annual report can be accessed below.
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).
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.
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.
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.
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.
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.
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