Investment In South Wales (1) Flashcards
Why did the iron and steel industry grow
Raw materials found there: coal, ironstone, limestone Accessibility to the surfaces Access to coasts for export links Labour force being eased off by farming Large supplies of coal and iron
19th-20th century why did it grow
Iron and steal industry grew
20th century
Supplies running out
Steal works closed, new places were made at port talbot, Cardiff and Newport. All on the coast
Better as industry now relied on imported coal
1970s-1980s
Mines closed down
Low demand for welsh coal, cheaper imports from Poland, Czech Republic and Australia
1990s
Talk of closing steelworks
Falling demands
Aluminium cheaper
Strategies to increase employment opportunities
Established development area
Advanced factories provided
Extension of M5 motorway
Industrial estates set up to help new businesses
Moving government departments to South Wales
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Targeted tourism
Established development area
Grants of costs
Training costs mainly paid by EC and helped retrain workers, particularly in office and service skills
Also grants given to help workers with house
Advertising
Stressed on famous companies that had already set up:
Sony, revlon, ford, Bosch
Designed to help encourage smaller businesses
Targeting tourism
Tourist attractions
Cardiff docks redeveloped
Cardiff airport - international status
Attractions for a South Wales industrial estate
Factories for sale or rent Room for expansion Close to motorway Infrastructure provided Car parking and good access Landscaping provided
How successful have the strategies been
Opened new jobs
Industries are footloose
Businesses locate along M5
Companies able to tap into new skills for miners
Many pits derelict
Companies may be attracted to other countries with lower wages in time
