Economic action plan 'what we already know' - businessman

A new economic action plan for the next 10 years in Wales has been called "woolly" and short on detail by opposition parties.

Firms wanting grants will have to agree to an "economic contract", including reducing their carbon footprint and promoting workers' health.

But the Conservatives said they were "underwhelmed" and called it "50 pages of woolly words".

Plaid Cymru said there were "lots of words, not many numbers".

The action plan also includes simplifying financial support for business.

Economy Secretary Ken Skates said in return for firms agreeing to an "economic contract" around growth and fairness at work, the Welsh Government would provide a "simplified, unified and competitive package of business support".

Chris Griffiths founded Open Genius, which develops hi-tech tools and products, without any Welsh Government help. He is also owner of Penarth co-working base TecMarina.

He told BBC Wales economics correspondent Sarah Dickins the action plan lacked focus or a big idea.