Ammanford family firm TRJ on future ownership

A radical overhaul in how Welsh government supports enterprises is needed, a report for the Federation of Small Businesses (FSB) has said.

It wants more help so growing firms stay under Welsh ownership, warning current approaches are failing.

The Manchester Business School report said "orthodox economic thinking" and "mainstream policies" took Wales nowhere.

The Welsh government claimed its economic policies were working.

One of the issues raised in the What Wales Could Be report is smaller home-grown firms selling up to bigger concerns with no ties to Wales.

BBC Wales business correspondent Brian Meechan talked to Dafydd Jones, director of construction firm TRJ, which employs 180 people in Carmarthenshire.

Mr Jones, whose grandfather started the family firm 80 years ago, said there will be a question in the future about what happens to the company and the next generation.