WIDAB

AcronymDefinition
WIDABWelsh Industrial Development Advisory Board (UK)
References in periodicals archive ?
WIDAB provides advice to the Minister for Economy and Transport on issues relating to the Welsh Economy and assists the Welsh Government in its ambition to drive sustainable and inclusive growth across the regions of Wales through the Economic Action Plan.
'The public sector in Wales is becoming ever more commercially focused and I will look to bring my private sector skills and experience to bear as a board member The second new appointment made by Mr Davies to WIDAB is that of Kerry Diamond, an economics graduate from UCW Aberystwyth, who is currently financial director with Continental Teves, Ebbw Vale.
The term of the appointments is for three years and they will join WIDAB chair Kerry Diamond and members Alan Proctor, Michael MacPhail, Mike Greenway, Dr Jo MacPherson and Dr Rhian Hayward.
WIDAB advises ministers on a range of issues relating to the Welsh economy, including Wassistance to industry, and through the provision of its advice, contributes towards the achievement of the Welsh W Government's policy objectives in the field of economic development.
Members of the WIDAB are paid PS198 per day for a time commitment of two days per month.
Explaining the criteria for board membership, a spokeswoman for the Assembly Government said: "Widab members need to have experience of, or show a capacity in, a range of activities related to industry and commerce.
The independent review concluded that WIDAB's advice is highly regarded by ministers and considerably improves the decision-making process.
An examination of the Widab grant approvals during the 12 months shows that pounds 33.5m of regional selective assistance grants was awarded to 21 companies across Wales at an average cost of pounds 12,731 per job created.
Widab provides advice to the Minister on applications for more than pounds 350,000.
WIDAB advises the Minister and his team on RSA investment applications.
'I am already familiar with the Regional Selective Assistance programme through sitting on the WIDAB and I'm very much looking forward to working for the Welsh Assembly.'