(2 days, 17 hours ago)
Commons ChamberSince July, we have driven over £1 billion of private investment from Eren Holding and Kellogg’s into Wales, creating and sustaining over 400 well-paid jobs in manufacturing. Our Welsh freeports and investment zones will together unlock billions in private investment and aim to create at least 20,000 jobs across all four corners of Wales.
The memorandum of understanding signed recently between the UK and Welsh Governments further demonstrates our commitment to working together to deliver economic growth throughout Wales. The UK Government have invested £790 million in Wales’s growth deals, including £110 million in the Mid Wales growth deal which aims to leverage up to £400 million of public and private sector investment in the region and create up to 1,400 additional jobs.
In places across the UK, including in my constituency of Wrexham, for too long too many young people have fallen through the gaps, meaning that they can miss out on job opportunities, education and gaining the critical skills essential to getting on in life. What measures is the Minister taking to ensure that young people can seize the opportunities of our growth mission and are not left behind, and help them to maximise their potential?
Today, my right hon. Friend the Chancellor confirmed that we are moving forward with the £160 million Wrexham and Flintshire investment zone, focusing on the area’s strengths in advanced manufacturing, leveraging £1 billion of private investment over the next 10 years and creating up to 6,000 jobs. Growth is integral to creating the opportunities that young people need to get on in life.
(1 month, 2 weeks ago)
Commons ChamberWhat do you make of that, Mr Speaker? With the additional funding that we have provided for the Welsh Government, I can assure the right hon. Member that there will be proper investment in the Welsh health service, which did not happen for 14 years under the Tories.
I have regular discussions with Cabinet and Welsh Government colleagues on economic growth. I recently had the pleasure of visiting Airbus in Broughton alongside the Prime Minister, and I addressed CBI Wales members alongside the First Minister. Since coming into government, we have worked to drive over £1 billion in private investment from Eren Holding and Kellogg’s into north Wales, creating and sustaining over 400 jobs.
Cross-border co-operation and investment by north Wales and the Mersey Dee region of north-west England is essential to maximising growth on both sides of the border. Key to achieving that will be improved railway connectivity. Will the Secretary of State meet me and the cross-party, cross-nation Growth Track 360 group to explore how we can make that happen and help the economies on both sides of the border prosper?
I know the key role that good cross-border transport plays in strengthening economic and social ties across north Wales and the north-west of England. I was pleased to join the Welsh Government Cabinet Secretary for Transport at Flint and Chester stations recently to announce a 40% increase in rail capacity, with 50% more timetabled services on the north Wales main line. I would be delighted to meet my hon. Friend, representatives from the Mersey Dee region, and Growth Track 360.
(2 months, 3 weeks ago)
Commons ChamberOrder. You cannot just keep asking questions, shadow Secretary of State. You are allowed only two, and that was your second.
The growth mission is the central priority for this Government. Our new industrial strategy and national wealth fund will boost economic growth across Wales, creating jobs and driving up living standards. Working alongside ministerial colleagues, I was pleased to confirm £320 million of funding for two investment zones in Wales, the green light on the freeport in the Celtic sea and protection for local community growth funding across Wales.
I thank the Secretary of State for her answer. Universities in Wales, such as Wrexham University in my constituency, are crucial not just for the educational and research outcomes they provide, but for the economic opportunities they give our towns and cities, with a recent report by Universities Wales showing that their contribution to the economy stands at £11 billion. At a time when we are firmly in pursuit of economic growth, can the Secretary of State tell me what conversations she has had to ensure that universities in Wales are partners in this mission? Will she agree to visit Wrexham University with me to see at first hand the brilliant work that it is doing in collaboration with local businesses?
I would be delighted to go back to Wrexham and visit the university with my hon. Friend. Welsh universities will benefit from record levels of investment in research and development, which will be worth over £20 billion next year. The Budget confirmed £160 million of funding for the Wrexham and Flintshire investment zone, which was chosen due to the presence of world-renowned research institutions such as Wrexham University and Bangor University.