"After 12 years, the Fast Growth 50 project remains the key barometer of entrepreneurship in Wales"

Professor Dylan Jones-Evans

SEARCH BEGINS FOR THE 2010 FAST GROWTH 50

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The search starts today for the twelfth Wales Fast Growth 50, the annual project which celebrates the best of Welsh entrepreneurship. First published by the Western Mail in 1999, this unique initiative has become firmly established as the list of business success which businesses across Wales aspire to.

Last year’s winning company was Unit Engineers and Constructors Ltd of Pembrokeshire (above) which, since being established in 2004, had grown to an annual turnover of over £17 million in 2008. Overall, last year’s Fast Growth 50 collectively generated £292 million of additional sales in two years at an average growth rate of 107 per cent, and created over 1900 new jobs.

The 2010 list of the fastest growing firms in Wales will appear in a special supplement, which will be published by the Western Mail on Wednesday, November 3rd 2010 in association with the University of Wales.

There will also be a special anniversary dinner which will take place at the Holland House Hotel on October 29th 2010. This exclusive event, which is open to only the award sponsors and fast growth firms, has become one of the most prestigious in the Welsh business calendar and, yet again, promises to be a showcase of the best of Welsh enterprise for all attending. Awards will be presented to the fastest growing firms in each of the key sectors of the Welsh economy, as well as individual awards for sustainable long term growth. This year, the award for the fastest growing firm in Wales will be sponsored by one of Wales’ fastest growing legal firms, Capital Law.

HOW TO GET ONTO THE 2010 FAST GROWTH 50.

To qualify for the Fast Growth 50 2010 competition, firms should:

  • Be independent and privately held (not a subsidiary or branch plant of another company)
  • Had sales of at least £250,000 in 2007
  • Be based in Wales

Rankings will be based on percentage growth of revenues from 2007 to 2009.

The closing date for entries is July 16th 2010.

APPLICATION FORMS FOR THE 2010 FAST GROWTH 50 PROJECT CAN BE DOWNLOADED FROM HERE

For any further further information, email fastgrowth50@wales.ac.uk or call 02920 376986.