Oct 25, 2017

Enterprise zones a waste of money, Welsh Tories claim

A row has broken out after Welsh Government said Wales' eight enterprise zones had seen £221m of public investment since 2012. The Tories called the zones "Subsidy farms", saying it amounts to £20,656 per job created, safeguarded or assisted in Wales' enterprise zones. Wales enterprise zones were set up by the Welsh government to provide business support including financial help. "Welsh Conservatives leader Andrew RT Davies said:"Labour's enterprise zones could be the biggest waste of public money in the devolved era, costing hundreds of millions - with very little to show for the money. "The Welsh Conservatives should welcome the fact that our Enterprise Zones have attracted considerable private sector investment and secured over 10,000 jobs since 2012.".

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