While the economy of Wales is still lagging behind the UK and EU average, the local authorities are constantly looking into new opportunities for improving the country’s performance. One of the common steps to a better GDP is the improvement of entrepreneurship. The country is keen on getting more entrepreneurs running a business in Wales. And this is true about both large and small companies. Coworking spaces in Wales and all over the world have proven to fulfil the role of business cradles and serve as a starting point for many startups and young companies. Their flexibility, affordability and communities that they create serve as a major performance boost helping young business people to get on their feet. As we know, Wales is a seat of some forward-looking and most innovative companies. The country has numerous fast-paced economic activities in aerospace engineering and nuclear energy in the north; cutting-edge metallics innovation, marine technology and automotive production in the south; to award-winning food producers in rural Wales. One of the major steps that Wales is taking to strengthen its economy is a variety of support programmes for R&D as well as collaboration with some of the best colleges in the UK. This sector is definitely one of the most powerful in the global market with groundbreaking potential. The rise of this industry is expected to create new jobs and encourage a higher level of education in the country. Wales is now facing a positive trend of unemployment rates going down to the UK and EU average.
