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Calls for Expats to Help Boost Welsh Economy

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Welsh expats are being asked to help the economy of their homeland, with calls for £300,000 from the Welsh government.

The proposal is that this money would be matched by private investment.

India and Ireland have turned to expats to help their economies grow by investing in the home country or sharing contacts and expertise.

The Welsh government said it is considering the findings of a study into a planned “diaspora organisation”.

Diaspora is a term used to describe a dispersion of people originally of one nation.

For two years, the Republic of Ireland has had a minister for the diaspora, Jimmy Deenihan, and the country is now home to nine out of 10 global software companies and nine out of 10 pharmaceutical firms.

SOURCE: bbc.co.uk