| Cardiff is the capital, largest, and most populated | | | | development of Healthcare and Life Sciences Cluster |
| county of Wales. It serves as Wales' major | | | | at the Roath Basin in Cardiff Bay. |
| commercial center and is a very popular tourist | | | | Business and Financial Services |
| destination. | | | | Cardiff is a key center for Financial and Business |
| | | | | Services. This service accounts for more than 5% |
| Cardiff offers easily one of the most competitive | | | | Welsh GDP. Cardiff also accommodates many |
| business environments in the UK and offers a | | | | internationally recognized financial services companies |
| favorable business platform for prosperity. It is also | | | | such as Lloyds, HSBC, HBOS, TSB, GE and GMAC. |
| one of the fastest growing economies in the UK and | | | | |
| houses world-class universities and businesses. The | | | | Besides, local companies such as Julian Hodge Bank, |
| city has a well-developed transportation infrastructure | | | | The Admiral Group, Thomas Carroll and The |
| to allow easy and quick access to all the prominent | | | | Principality Building Society have been hugely |
| markets. In addition, its ICT connectivity is further | | | | successful and have grown significantly over the past |
| enhanced by the considerable amount of new BT | | | | few years |
| investments. The city is a thriving innovation hub | | | | Support and Funding |
| supporting a growing cluster of companies in sectors | | | | Businesses in Cardiff have access to many tailored |
| like biotechnology, ICT, financial and business services | | | | and generic business supports for encouraging |
| and creative industries. Cardiff grows as investment | | | | investment, skills development, investment and |
| destination in UK | | | | access to overseas markets. Business in Cardiff can |
| | | | | also access a variety of financial support programs |
| Cardiff is a flourishing innovation hub providing | | | | and subsidy specialist advice through the ‘Flexible |
| assistance to a growing cluster of companies in | | | | Solutions for Business' service of the Welsh |
| different sectors including ICT, biotechnology, | | | | Assembly Government. Business can also access |
| creative industries and financial and business services. | | | | funds through many sources including a host of |
| Following are some key sectors of Cardiff: | | | | private equity companies and Financial Wales, which is |
| Bioscience | | | | an Assembly Government supported public limited |
| Wales boasts of a flourishing pharmaceuticals, | | | | company furnishing commercial funding solutions to |
| bioscience and medical device industry with more | | | | SMEs in Wales. |
| than 250 companies employing more than 15,000 | | | | |
| workers. The bioscience cluster in Cardiff is | | | | To facilitate knowledge transfer, the Welsh |
| established around the links between Cardiff | | | | Assembly Government has started a new |
| University and various private sector companies | | | | program-A4B (Academic Expertise for Business). It's |
| present in the locality. | | | | a six-year project financed by the Welsh Assembly |
| | | | | Government and European Structural Funds and |
| Cardiff has a thriving pharmaceutical industry, | | | | aimed at furnishing a simplified and integrated |
| accounting for approximately one-third of the total | | | | package of support for the purpose of knowledge |
| pharmaceutical jobs in the Wales. The Cardiff | | | | transfer from business to academia. Considering its |
| pharmaceutical industry is estimated to register GVA | | | | affordability and location, Cardiff can provide the |
| growth of an impressive 6.75% per year, which is | | | | perfect opportunity for budding investors. It has |
| the same as that of the UK. The Bioscience sector | | | | many attractive factors that distinguish it from other |
| too is strengthened by the merger of the University | | | | cities: a great place to live and business-friendly |
| of Wales College of Medicine (UWCM) and Cardiff | | | | policies. |
| University. This sector will get a further boost by the | | | | |