Economy Of Wales
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Economy Of Wales
The economy of Wales (Welsh language, Welsh: ''Economi Cymru'') refers to the production and consumption of goods and services and the supply of money in Wales. The percentage of all individuals, living in relative income poverty in Wales in 2016–17 was 23%, compared to 22% in England, and only 19% in Scotland and Northern Ireland. More than one in five people in Wales were living in poverty between 2001 and 2016. However, in 2018, according to OECD and Eurostat data, gross domestic product (GDP) in Wales was £75 billion, an increase of 3.3% from 2017. GDP per head in Wales in 2018 was £23,866, an increase of 2.9% on 2017. In 2019 Wales generated tax revenue of £27bn, which is around 36% of GDP, and has expenditure of £40.1bn, leaving an deficit of £13.1bn. Research and analysis conducted by Professor John Doyle, Dublin City University showed that the fiscal balance of £2.6bn in the "early days of an Welsh independence, independent Wales" would be approximately £ ...
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Cardiff Bay
Cardiff Bay ( cy, Bae Caerdydd; historically Tiger Bay; colloquially "The Bay") is an area and freshwater lake in Cardiff, Wales. The site of a former tidal bay and estuary, it serves as the river mouth of the River Taff and Ely. The body of water was converted into a lake as part of a UK Government redevelopment project, involving the damming of the rivers by the Cardiff Bay Barrage in 1999. The barrage impounds the rivers from the Severn Estuary, providing flood defence and the creation of a permanent non-tidal high water lake with limited access to the sea, serving as a core feature of the redevelopment of the area in the 1990s. Surrounding the lake is a area of redeveloped former derelict docklands which shares its name. The area is situated between Cardiff city centre and Penarth, in the communities of Butetown and Grangetown. Its waterfront is home to notable attractions, in particular regarding Welsh politics; with devolved institutions such as the Senedd buildin ...
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Swansea Building Society
The Swansea Building Society, ( cy, Cymdeithas Adeiladu'r Abertawe), is an independent mutual building society based in Swansea, Wales. It is a member of the Building Societies Association. The Society was founded in 1923 by local estate agent John Oliver Watkins and a group of local business men as a mutual organisation to allow purchases of new homes in the aftermath of the First World War. Today it is one of only three remaining building societies based in Wales and the only building society or bank with its headquarters in Wales west of Cardiff. At 31 December 2021, the Society's total assets were £463.5m with some 21,170 saver accounts and over 2,120 mortgage accounts. The chief executive is Alun Williams. Swansea Building Society benefited from the Icelandic financial crisis in 2009, as local savers looked to invest in a safer institution. The Society has since continued to grow by opening three branches in Carmarthen, Cowbridge and Mumbles in recent years, with all branc ...
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Forestry In Wales
Forestry in Wales refers to the practice of planting, managing, and caring for forests in Wales. History The development of afforestation and the production and supply of timber in Wales come under Natural Resources Wales, as set out in the Forestry Act 1967. In 2013 Natural Resources Wales took over responsibility for Forestry in Wales, In 2020, the Welsh Government launched a long-term re-forestation plan known as the National Forest for Wales. Management Natural Resources Wales is a Welsh Government sponsored body, for the management of all the natural resources of Wales. It was formed from a merger of the Countryside Council for Wales, Environment Agency Wales, and the Forestry Commission Wales, and also assumes some other roles formerly taken by Welsh Government. Other organisations working in Wales to improve the management of Welsh woodlands and forests include the Confederation of Forest Industries The Confederation of Forest Industries, shortened to ConFor, is t ...
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Brains Brewery
Brains (S. A. Brain & Company Ltd.) is a regional brewery based in Cardiff, Wales. It was founded in 1882 by Samuel Arthur Brain. The company controls more than 250 pubs in South Wales (particularly in Cardiff), Mid Wales and the West Country. The company took over Crown Buckley Brewery in Llanelli in 1997 and Hancock's Brewery in 1999. In 2000, Brains moved to the former Hancock's Brewery just south of Cardiff Central railway station. The Old Brewery, in Cardiff city centre, has been developed into a modern bar and restaurant complex. The company produces a range of beers under the Brains, Buckley's and Hancock's names. As part of their marketing strategy, Brains use shirt sponsorship for the Wales national rugby union team and the Crusaders Rugby League team. History Samuel Arthur Brain was born in 1850 and brought up in Bristol, England, before moving to Cardiff to train as a brewer. A talented brewer, he quickly rose to become Manager of the Phoenix Brewery in Working Stre ...
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Food And Drink Industry Of Wales
The food and drink industry of Wales (Welsh: ''Diwydiant bwyd a diod Cymru'') refers to food and soft drink companies as well as distilleries and breweries in Wales. The food and drink sector is classed as a priority economic sector in Wales. It involves 170,000 people that contribute to gross sales of £17.3 billion. Alcohol Boss Brewing Boss Brewing is a craft brewery in Swansea, South Wales, founded in 2014 by husband and wife Sarah and Roy Allkin. In May 2015 the brewery received a Society of Independent Brewers Gold Award and was awarded CAMRA's Champion Beer of Wales award for its stout in 2019. Bragdy Nant Bragdy Nant is an ale brewery near the town of Llanrwst, North Wales. The brewery produces cask and bottle-conditioned ales, and is one of four North Wales breweries jointly operating the Albion Ale House in the town of Conwy. The name Bragdy Nant is Welsh for ''River'' or ''Stream Brewery''. Bragdy Nant's dark ale Mwnci Nel was awarded silver in CAMRA's 2010 C ...
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Hydroelectric Power
Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other renewable sources combined and also more than nuclear power. Hydropower can provide large amounts of low-carbon electricity on demand, making it a key element for creating secure and clean electricity supply systems. A hydroelectric power station that has a dam and reservoir is a flexible source, since the amount of electricity produced can be increased or decreased in seconds or minutes in response to varying electricity demand. Once a hydroelectric complex is constructed, it produces no direct waste, and almost always emits considerably less greenhouse gas than fossil fuel-powered energy plants.
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Tidal Lagoon Swansea Bay
Tidal Lagoon Swansea Bay was a proposed tidal lagoon power plant that was to be constructed in Swansea Bay off the south coast of Wales, United Kingdom. Development consent was granted by the UK government in June 2015, and in June 2018 the Welsh Government approved the plan and offered to invest £200 million; however, later that month the UK government withdrew its support on value-for-money grounds. Other options to enable the proposal to go ahead were reportedly still being explored. If built, the project would have become the world's first tidal lagoon power plant; other types of tidal power plants do exist. Initial project proposals The scheme is promoted by Tidal Lagoon (Swansea Bay) plc. According to the company, generation could operate 14 hours per day with a maximum output of 320 MW (nameplate capacity), enough to power around 155,000 homes. There are different ways to evaluate tidal energy output. The UK government considered intermittency due to the tides and that t ...
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Dinorwig Power Station
The Dinorwig Power Station (; ), known locally as Electric Mountain, or Mynydd Gwefru, is a pumped-storage hydroelectric scheme, near Dinorwig, Llanberis in Snowdonia national park in Gwynedd, north Wales. The scheme can supply a maximum power of and has a storage capacity of around . Purpose The scheme was built at a time when responsibility for electricity generation in England and Wales was in the hands of the government's Central Electricity Generating Board (CEGB); with the purpose of providing peak capacity, very rapid response, energy storage and frequency control. Dinorwig's very rapid response capability significantly reduced the need to hold spinning reserve on part loaded thermal plant. When the plant was conceived the CEGB used low efficiency old coal and oil fired capacity to meet peaks in demand. More efficient 500 MW thermal sets were introduced in the 1960s, initially for baseload operation only. Dinorwig could store cheap energy produced at night by low ...
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Cefn Croes
Cefn Croes is a wind farm in Ceredigion, Wales. It is located in the Cambrian Mountains on Cefn Croes mountain, 573m (1,880 ft) south of the A44 road between Aberystwyth and Llangurig, in west Wales. The construction of the wind farm commenced in February 2004, and was completed in the spring of 2005 when the 39 wind turbines started producing electricity. The maximum installed nameplate capacity is 58.5 MW. Nearby is the HuMP The mountains and hills of the British Isles are categorised into various lists based on different combinations of elevation, prominence, and other criteria such as isolation. These lists are used for peak bagging, whereby hillwalkers attempt ... Y Glog (Draws Drum). References Wind farms in Wales {{UK-powerstation-stub ...
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Aberthaw Power Station
Aberthaw Power Station refers to two decommissioned coal-fired and co-fired biomass power stations on the coast of South Wales, near Barry in the Vale of Glamorgan. They were located at Limpert Bay, near the villages of Gileston and West Aberthaw. The most recent power station on the site, Aberthaw B Power Station, co-fired biomass and as of 2008 had a generating capacity of 1,560 megawatts (MW). The power station closed on 31 March 2020. The station was the location of a carbon capture trial system to determine whether the technology could be scaled up from lab conditions. The system consumed 1 MW. History The site of the stations was a golf course before the construction of the first station. Aberthaw was constructed by the Central Electricity Generating Board (CEGB) under the chairmanship of Christopher Hinton. It is known as one of the original 'Hinton Heavies', a suite of new 500 MW units procured at the time. Aberthaw "A" Power Station altho ...
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The Dinorwig HEP Station Inlet And Outlet Pool - Geograph
''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pron ...
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