Development Bank of Wales research identifies 1,732 “Productivity Heroes” generating £6.04 billion turnover

• Development Bank of Wales published analysis identifying 1,732 Welsh “Productivity Heroes” in 2024-25, linking higher productivity with job creation.
• These firms generated GBP 6.04 billion in turnover, creating more than 5,200 jobs, according to the report.
• Labour productivity rose about 24% to nearly GBP 165,000 per employee from roughly GBP 133,000.
• The count fell from a 2022-23 peak, but remaining firms showed stronger productivity, suggesting support can target higher-impact businesses.
• The report points to leadership, skills, finance, innovation as priority levers for policy and investment to narrow Wales’ 15% UK productivity gap.

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