EXITING the European Union would have a deep and negative impact on businesses in Ceredigion and throughout Wales as well as harming the country’s vital agriculture industry, a leading economic development company has warned.

Menter a Busnes, which is based in Aberystwyth and has offices in Cardiff, Bangor and St Asaph, has been involved in the support and development of small and medium-sized businesses and the agriculture sector in Wales since its inception 27 years ago.

It says it has worked on and developed European-funded projects in that time and witnessed the benefits to businesses and agriculture throughout that period. But EU funding aside, it says exiting Europe would have a much wider and profound affect on the Welsh economy and communities.

“It’s not just about the European funding that has come into Wales and supported businesses and social projects over recent decades, but much more about the open market, the ability to easily import and export and the opportunities this provides Welsh businesses and international to operate across borders freely within the EU zone,” said Alun Jones, chief executive of MaB.

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