Wolfestone Translation is part of £8m LEAD Wales programme

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 23, 2010 --

In yet another chapter of their success story, leading Swansea entrepreneurs Anna Bastek and Roy Allkin of Wolfestone Translation have been chosen to take part in the LEAD Wales project. This is an event limited to 25 of the most successful owner-managers of small or medium sized businesses, initially in the Swansea area, but eventually to cover all of Wales. It has received recognition and £8m of funding from the Welsh Assembly Government and the European Social Fund. The co-founders of Wolfestone were chosen as a result of the great potential of Wolfestone Translation and for creating employment in Wales.
It is hoped that the scheme, which is being run through Swansea University School of Business and Economics, will help some 700 businesses over the next 7 years, with the first cohort completing the scheme within 10 months. It is intended that the scheme, which provides each participant with £10,000 worth of training, will enable these businesses to “increase profitability, enable diversification and encourage business growth.” Pilot schemes trialled in the North West led to increased turnover, employment, productivity and profits.

The scheme itself involves two days study per month, which started in February with an overnight weekend experiential team-building event. Mr Allkin said about the first session “The weekend was about ice breaking and leadership training and I think the event was a great success. It really brought to light the diversity of businesses in Swansea and the real entrepreneurial talent that exists here”. Following on from this each participant is supported by the expertise of academics, mentors, coaching professionals and, of course, each other. LEAD Wales is unique in that it is a programme which attempts to meet the needs of growing companies as opposed to traditional business management courses which are aimed at start-ups or public sector managers seeking to enhance their career prospects.
When asked how she felt about the honour of being chosen for such an elite scheme, Miss Bastek said ”I was delighted to be approached by LEAD Wales. It will be very beneficial to team up with so many successful businesses and share experiences and ideas. I’m sure it will also create new business opportunities. I also believe that encouraging collaboration between higher education and the private sector will help to drive forward the Welsh economy.”

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