Plans for a business hub to help create 260 jobs in Wrexham have been announced.
Ken Skates AM, Welsh Government economy secretary, has announced £1 million of funding for a hub to support the creation of 100 new enterprises and 260 jobs in the next two years.
The two-year pilot, which aims to help secure at least £1m of private investment for its member entrepreneurs, will support aspiring entrepreneurs and be delivered by Business Wales in association with Welsh ICE.
Mr Skates said: “I am delighted to announce funding for the new incubator in Wrexham to harness, support and encourage the fantastic entrepreneurial talent in the region.
“Innovation and entrepreneurship are vital drivers for the economy and I want to continue to create the best environment for entrepreneurs across Wales and will be using the pilot to inform my future economic priorities.
“The importance of providing space, community and support for aspiring entrepreneurs is key to success and I am keen to build on and complement the existing infrastructure across Wales.”
It is hoped the hub will provide a community for entrepreneurs that will link to organisations such as Wrexham Glyndwr University and Coleg Cambria, as well as industry and support agencies in the region.
The hub will be delivered through the Business Wales consortium – backed by EU funding – who will work collaboratively with Welsh ICE.
It will provide a shared work environment, business advice, workshops, increased opportunities and challenges designed to inspire potential entrepreneurs.
It will also offer entrepreneurs with international trade support, business advice, intercompany and individual networking opportunities, and mentoring and training support.