Economic Intelligence Wales

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

 

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 Quarterly Report, October 2019

This is the first EIW quarterly report (QR) for the 2019/20 financial year. QR1 builds on and expands the baseline picture of Welsh SME activity established in the QRs of the previous financial year. In this period of heightened uncertainty, understanding how the Welsh economy and its SMEs are uniquely affected is increasingly important.

Some of the notable findings identified in the Quarterly Report include:

  • The Welsh Business Confidence Index value increased from 11 in 2019Q1 to 18 in 2019Q2, making Wales an outlier region in the UK.
  • Welsh micro business turnover declined by 2.4% between 2013-2018, largely due to a 20% annual decline in the year to 2018. This compares to a 10% increase in UK micro businesses turnover during 2013-2018.
  • Wales recorded the highest business birth rate in 2017 across the UK countries and devolved administrations, at 13.7% of active businesses, while the birth rate in the UK was 13.1%.
  • More SMEs were planning to grow in Wales (60%) than in England (48%) and Northern Ireland (57%) in 2018.
  • Equity investments in Wales reached £240m in 2018, up from £57m in 2017.

Download the report by clicking on the link below.

EIW Quarterly Report October 2019

 

Quarterly and annual reports on SME finance in Wales

This is the first EIW quarterly report (QR) for the 2019/20 financial year. QR1 builds on and expands the baseline picture of Welsh SME activity established in the QRs of the previous financial year. In this period of heightened uncertainty, understanding how the Welsh economy and its SMEs are uniquely affected is increasingly important. The report finds that small firms in Wales remain confident despite turnover for SMEs having dropped by 2.4% between 2013 and 2018.

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

EIW Quarterly Report October 2019

Summary infographic

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.

Annual Report August 2019

Summary infographic

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.

 

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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.