The M-SParc project contributes to a number of strategies on a European, National, Regional and Local basis. These include:
Economic Prioritisation Framework, and the West Wales and the Valleys Operational Programme (Wales European Funding Office)
Economic renewal: a new direction, Science for Wales and Innovation Wales (Welsh Government)
Energy Island Initiative (Anglesey County Council)
To keep businesses in the area, we need to create a place where a one person company can grow to become a small to medium sized enterprise (SME) without having to relocate. M-SParc will provide such a space. This will help such companies stay in the area, providing jobs and stimulating the region’s economy. M-SParc will also enable high level, quality jobs, offering a higher wage than the region’s average. This in turn encourages other ventures in the region to pay a competitive wage, again contributing to the region’s economy.