{"id":64866,"date":"2015-12-01T18:30:07","date_gmt":"2015-12-01T18:30:07","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=92160fb929d51ff4274c7a4160132fc4"},"modified":"2015-12-01T18:30:07","modified_gmt":"2015-12-01T18:30:07","slug":"press-release-cardiff-comes-of-age-as-uk-financial-centre-says-secretary-of-state","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=64866","title":{"rendered":"Press release: Cardiff comes of age as UK financial centre, says Secretary of State"},"content":{"rendered":"
\n

More than 50 of Wales\u2019 top business leaders gathered tonight (1 December 2015) at Gwydyr House for a reception to mark the growing impact of Wales on the financial services industry.<\/p>\n

Secretary of State for Wales Stephen Crabb told guests that one year on from the UK investment summit in Newport, Wales was now showing the best inward investment figures for a quarter of a century.<\/p>\n

The Welsh Secretary said:<\/h3>\n
\n

We are committed to rebalancing growth by ensuring the benefits of an expanding economy are felt right across the UK.<\/p>\n

I want to see the financial sector in Wales soaring ahead.<\/p>\n<\/blockquote>\n

The Welsh Secretary said the financial and professional services sector in South Wales now supported 96,000 jobs.<\/p>\n

He told the gathering the Government was improving rail connections to ensure that \u201cthe financial services sector at both ends of the M4\u201d was connected as efficiently as possible.<\/p>\n

\n

We\u2019re reducing journey times through the electrification of the Great Western mainline, and the introduction of Crossrail will bring the financial districts of Cardiff and Canary Wharf even closer together.<\/p>\n

Quicker and more convenient to get to, these improvements will ensure Cardiff is front of mind when it comes to a location for financial services firms to invest in.<\/p>\n<\/blockquote>\n

The new three-storey Crossrail station being built at Paddington will reduce cross-London journeys to under 20 minutes from 2018 and handle a predicted 25 million passengers a year.<\/p>\n

The Gwydyr House reception follows last month\u2019s launch of the South Wales Financial Centre of Excellence initiative<\/a>
\n \u2013 backed by the Wales Office and the Treasury – at the headquarters of Admiral Group. UK Trade & Investment (UKTI), the government body that helps UK-based companies succeed in the global economy, will work closely with local government and industry to boost the financial sector in Wales.<\/p>\n

Mr Crabb said the UK Government was also working with the Cardiff Capital Region on a \u201ctruly transformational\u201d City Deal.<\/p>\n

\u201cI know Cardiff and South Wales businesses will grab these opportunities with both hands,\u201d the Welsh Secretary added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

More than 50 of Wales\u2019 top business leaders gathered tonight at Gwydyr House to mark the growing impact of the financial services industry.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/64866"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64866"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/64866\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}