The grit and innovation shown by North Wales businesses points the way to a bright future for an economy battered by the pandemic, Brexit and wild winter weather.
That鈥檚 the verdict of leading economist Dr Edward Jones, of 香港六合彩挂牌资料, who has seen reasons to be cheerful over the past 12 months in the resilience shown by people and businesses across the region.
That鈥檚 been backed by a multi-million-pound North Wales Growth Deal and a Hollywood-inspired Wrexham football renaissance - just two of the reasons to be cheerful in 2021.
The economic data might be saying it was a disastrous year but 2020 wasn鈥檛 all bad news for the North Wales economy and the region鈥檚 communities, businesses and entrepreneurs are laying the foundation for a bright future.
He believes that social capital 鈥 the network of relationships across communities that support and strengthen societies 鈥 has received a boost across the region in the pandemic.
He added: 鈥淭he social distancing policies to curb the spread of covid-19 might have been expected to weaken social networks and damage social capital but in fact, the opposite has happened.
鈥淧eople have maintained physical distance while pursuing social togetherness, through acts of kindness, and volunteering and charities have been active while in North Wales businesses have also played their part.
鈥淒espite the challenges faced by the tourism sector, businesses such as Dylan鈥檚 restaurants delivered hot meals and lunch boxes to teams at Ysbyty Gwynedd and at Ysbyty Glan Clwyd.
鈥淗arlech Foodservice supplied food banks when regular customers shut down while others in the sector, such as Catch22 and Blas Mwy Black Lion on Anglesey and The Sorbus Tree in the Vale of Clwyd quickly adapted to offering takeaways and changing their business practice, which kept businesses open and staff in jobs.
鈥淓ven during the worst of the pandemic Adventure Parc Snowdonia has continued with its investment in the Hilton Garden Inn hotel and Wave Garden Spa, which have a planned opening date of March.
鈥淎nd as if things couldn't get more interesting for the sector, Deadpool star Ryan Reynolds and It's Always Sunny in Philadelphia鈥檚 Rob McElhenney were given the go-ahead by the supporters to become the new owners of Wrexham AFC, North Wales鈥檚 most important football club.
鈥淭he Hollywood duo have a vision to turn the club into a football force and their investment has already put a global spotlight on Wrexham and the surrounding area with the owners-elect celebrating their takeover with a video message, seen around the world, that promoted club sponsors and Britain鈥檚 leading trailer manufacturer for over 60 years, Ifor Williams Trailers.
鈥淭he continued importance of North Wales as a manufacturing hub was highlighted when the CP Pharmaceuticals factory in Wrexham became key in the UK鈥檚 fight against covid-19.鈥
Dr Jones believes covid-19 forced many businesses in North Wales to rethink how they worked in response to lockdown rules and social distancing policies and many turned to digital tools to keep their business open and people employed.
I have been surprised how many small local businesses have been able to really ramp up their online presence and keep people in employment because when we come out of this it鈥檚 important that there are foundations to build on.
鈥淭hese are businesses that have fought tooth and nail to stay open. They鈥檙e doing whatever they can and it鈥檚 businesses like this that will be in a good position to survive and move forward.
鈥淢oneypenny, based in Wrexham, has helped businesses across the region in adopting new ways of working and using new digital tools.
鈥淚n August last year they developed and launched a self-screening tool to help manage visitors and customers' safety and this innovation has allowed businesses to remain efficient and open during the pandemic.聽聽
鈥淚nnovation in North Wales continued throughout 2020 despite covid-19. Cufflink, based at M-SParc, won cyber start-up at the 2020 Wales Start-Up Awards, while Flintshire civil engineering firm Hollingsworth developed a Health and Safety app which gained national recognition, reflecting the exciting ecosystem of innovation in the north.
鈥淣orth Wales is also leading the charge with innovation to tackle climate change with the Welsh Government announcing funding for the initial development phase of a hydrogen hub at Holyhead.
鈥淗ydrogen is a clean fuel that only produces water when used and is earmarked to play an important role in tackling climate change.
鈥淭his hub will be the first of its kind in Wales and ensures the region is at the forefront of this emerging technology.鈥
He also believes that new, 鈥榞reen鈥 technologies and the region鈥檚 traditional strengths, North East Wales鈥檚 powerful manufacturing sector, food and tourism, offer a way forward.
He added: 鈥淥ther innovative projects, that will help tackle climate change and support and create jobs across the region, received a boost when the UK and Welsh Governments gave the green light to the ground-breaking North Wales Growth Deal.聽聽
鈥淭here will be 14 projects 鈥 covering low-carbon energy, innovation in high-value manufacturing, agri-food and tourism, digital connectivity and land and property 鈥 supported by the Growth Deal, each having a positive impact on North Wales economy and society.鈥
Economic data would suggest that 2020 was a disastrous year for the North Wales economy, but a deeper look also shows businesses innovating, people collaborating, investments being made, and daily acts of social kindness.
鈥淭here may be more challenges to come but, given the resilience and attitude of people and businesses throughout 2020, there are reasons to be optimistic about North Wales economy in the post-pandemic world."
Whether a micro, SME, not-for-profit or a large organisation, the Collaboration Hub provides access to the wide range of business and innovation support opportunities click here for more information.
香港六合彩挂牌资料 Business School at 香港六合彩挂牌资料 is a leading teaching and research focused business school offering a full range of disciplines from undergraduate to doctoral level click here for further details.