Plaid Cymru launch economy plan for Senedd 2026 election
Plaid Cymru have revealed their economic priorities as part of their bid for next year's Senedd election
Plaid Cymru’s new economic plan will “breathe new life” into the Welsh economy after decades of Labour stagnation, the party’s economy spokesperson Luke Fletcher has said.
Luke Fletcher said the plan would see “wealth built, retained and recycled in our communities instead of it leaking, and in some cases flooding, out of Wales”.
Mr Fletcher added that the plan would “grow and sustain Welsh owned businesses”, deliver “good jobs”, revive town centres and boost living standards.
The plan includes pledges to ensure:
- 'Better support for Welsh businesses, helping them to grow, and keeping successful companies here in Wales'.
- 'Energy independence – control over our natural resources so communities benefit from renewables'.
- 'A skills strategy fit for the future, so that everyone has the skills they need to get ahead'.
- 'A new, strategic approach to innovation backed up by a new deal for our universities'.
- 'Wealth in and for our communities, by supporting community-owned businesses, social enterprises and co-operatives'.
Plaid Cymru’s economy spokesperson Luke Fletcher said,
“After 26 years of Labour in power, wages are too low, bills are too high, and too many decent businesses are closing their doors. Labour has no clear plan or vision to make Wales thrive.
“Making Wales Work: Plaid Cymru’s New Economic Plan will breathe new life into the Welsh economy, turning around decades of Labour stagnation.
“Our plan will see wealth built, retained and recycled in our communities instead of it leaking, and in some cases flooding, out of Wales. It will grow and sustain Welsh owned businesses, delivering good jobs, reviving our own centres and boosting living standards.
“Our vision is of a Wales in which no child grows up poor, where every young person has access to fulfilling work, education or training, and where the economy works for our people and our communities, not the other way around.
A Welsh Labour spokesperson said:
“Plaid Cymru’s pledges are nothing more than empty words. When money was on the table in the Welsh Government Budget for Welsh businesses, for community energy projects, for apprenticeships and the further education sector – all things named in their so-called plan – they voted against it.
“Plaid Cymru are only interested in playing politics and backing the Welsh economy only when it’s convenient for them.
“Welsh Labour will always back our Welsh economy and we have limitless ambitions for its future.”