Renishaw, a 3D printing company based at Miskin Business Park in the Vale of Glamorgan, has received a visit from the UK Government’s Chief Secretary to the Treasury. Liz Truss MP was welcomed to Wales and to Renishaw by Secretary of State for Wales and Vale MP, Alun Cairns, who was keen to demonstrate the manufacturing excellence we have locally and their contribution to strong economic figures.
The Chief Secretary visited the local engineering company to champion the innovation of UK manufacturing firms in boosting economic growth and productivity, as well as rising exports from the region. At Renishaw, the Chief Secretary highlighted the pioneering techniques of advanced manufacturing and 3D printing in revolutionising sectors from aviation to health tech.
This success comes alongside rising demand for Welsh goods abroad, with latest figures showing Welsh goods exports were worth £16.5 billion in 2017, a rise of 12% compared to the previous year. UK Export Finance has supported Welsh exporters by giving £7.5 million in 2017-18 to unlock over £64m of overseas sales.
The Chief Secretary to the Treasury Liz Truss said, “Wales is demonstrating the UK’s strong record for goods exports with a 12% increase in 2017. This is not surprising with the leading innovation that we see in manufacturing and digital infrastructure.
She added, “We need to ensure that our digital infrastructure carries on developing to continue our economic growth for everyone in the UK.”
Mr Cairns said, “It was a pleasure to welcome Liz to the Vale to see one of our excellent and innovative manufacturers, which is leading the way for economic growth in Wales. Renishaw are an example of the good quality jobs the Vale and Wales has to offer.”