First Minister Carwyn Jones said the fund would be used to encourage leading professors to move to Wales to work and boost research and the economy. It will pay for specialist equipment, top-up salaries to the level outstanding academics would expect and will fund members of their teams.
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our network plans will enable us to attract more talent to Wales to help drive this figure up and in due course create more high quality business and research jobs in Wales.” The strategy sets out three key areas to boost research and businesses – the life sciences and health; low carbon, energy and environment; and advanced engineering and materials.

The Welsh government said it wanted to see more industry-academic partnerships like SPECIFIC led by Swansea University with Tata Steel UK. The £20m project aims to turn homes and businesses into self-generating “power stations” by developing a special coating for ordinary building materials, such as steel and glass, that traps and stores solar energy.