Press release

Secretary of State celebrates Welsh businesses as the “great engines of growth”

Alun Cairns hail achievements of Fast Growth 50 companies at milestone 20th anniversary awards ceremony

Fast Growth 50

Fast Growth 50

Secretary of State for Wales Alun Cairns will use a major awards ceremony tonight (19 October) to hail the nation’s business owners as “the great engines of growth for the future that we are building for Wales”.

Mr Cairns will address an audience of over 900 business leaders and entrepreneurs at the Wales Fast Growth 50 dinner at the Motorpoint Arena in Cardiff. The awards ceremony celebrates its 20th anniversary this year and recognises the achievements of the most dynamic companies in the country.

Since its inception, it is estimated that the businesses featured on the annual lists have created 40,000 jobs and generated an estimated £22 billion for the Welsh economy. Previous winners have included aircraft and spares services firm Aerfin from Caerphilly - also recognised in the Sunday Times Fast Track 100 list in 2017 - and Wrexham based Village Bakery.

Welsh Secretary Alun Cairns is expected to say:

Small businesses are the great engines of growth for the future that we are building for Wales.

Without you we wouldn’t have some of Britain’s biggest, best, most dynamic and most exciting companies proudly promoting the ‘Made in Wales’ stamp on their products and services all around the world.

Mr Cairns will tell the awards dinner that the UK Government is creating the right climate for businesses to grow through measures like the abolishing of the Severn tolls, the roll-out of high speed broadband and its ambition to deliver City and Growth Deals that cover every part of the country.

He will say:

There is no denying that combining dedicated, dynamic entrepreneurs with a pro-business, pro-growth government has really delivered results.

As we prepare to leave the EU, we must have the ambition to broaden our horizons, and take advantage of the opportunities that the new fast-growing markets around the globe present - and I want small businesses to lead the way in this.

So keep talking to us. Don’t stop telling us what more you think we can do to help your businesses succeed. Because that is what every single minister in the UK Government wants and is focussed upon.

You can read about the background to the Wales Fast Growth Awards by visiting Wales Online

Published 19 October 2018