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The economic output of Wales per head of population is around a quarter lower than in England. Wales accounts for approximately 3.6% of total UK economic output despite having around 5% of the population.
Furthermore, Wales’ share of the UK’s total economic output has declined since the late 1980s. Three of the five areas with the lowest per-head output in the UK are in Wales: Central Valleys, Gwent Valleys and the Isle of Anglesey. Economic output per head in these areas is less than 60% of the UK total.
Stephen Lawrence, ACE Wales Group chairman, said: “Economically, Wales clearly punches below its weight. Creating a similar status to the government’s Economic Zones for Wales will help to generate extra economic activity, long-term jobs, and to secure investment in key infrastructure.
“Wales has the opportunity to become a real economic force, with all the benefits to society that come with it. The business community is keen to work with the Assembly Government to deliver more for Wales.”
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For media queries please contact Gavin Pearson (gpearson@acenet.co.uk) (020 7202 0255)
Notes to editors
ACE can arrange interviews with ACE Wales Group members and key ACE staff.
ACE is the business association representing engineering firms and professional service providers in the built and natural environment. ACE members employ approximately 90,000 people across the UK, and contribute in the region of £10 billion to the UK economy each year.
ACE also represents businesses operating at more than 50 locations across Wales.
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