Environment Investment Network

Deputy First Minister Ieuan Wyn Jones has said that Welsh companies have a major role to play in tackling the challenge of climate change, at the launch of the Environmental Investment Network in Wales.

He said that current moves could place Wales at the forefront of the development of vital environmental technologies - which will help both meet targets of reduced impact on the environment, and also boost the economy.

"With a global market for environmental goods & services estimated to be worth £350 billion by 2010, huge opportunities await innovative businesses", said Mr Jones, who is Minister for the Economy & Transport.

"Wales already has over 1,300 companies in its rapidly growing environmental goods & services sector, which now employs 22,000 people and has a total annual turnover of £1.2 billion.

"The Welsh Assembly Government will continue our support for this crucial sector – and in line with the commitment made in the One Wales agreement we are developing an all-Wales green jobs strategy, details of which will be announced later this year.

ENVIRONMENTAL INVESTMENT NETWORK

The UK-wide Environmental Investment Network aims to support investment in environmental technologies & services, facilitating the raising of finance by providing support, information and networking opportunities for:

-  investors seeking investment opportunities

-  companies, social enterprises and academic institutions

Companies can register for free membership by completing an online registration form on the Environmental Investment Network website.

Members receive access to a full-time Network Manager, monthly newsletters and access to the Knowledge Bank. The Knowledge Bank includes information on:

-  legal issues - such as WEEE guidance and the new Climate Change Bill

-  technical issues such as controlling construction waste

-  financial issues such as what financers are looking for

-  third sector issues - such as the law for the public and third sectors, and public sector contracts

FURTHER INFORMATION

For further information please visit: www.environmentalinvest.com