Oral Answers to Questions

Bob Blackman Excerpts

Wednesday 30th November 2016 Commons Chamber

[Guto Bebb]

I am disappointed to hear that news and would be more than happy to discuss it with the hon. Gentleman—any loss of investment in Wales is to be regretted. He is wrong, however, to talk about dithering. The Government are clear that we want strong trade relations with the European Union and with the rest of the world. Any Chinese investor looking at the UK knows that this country is friendly to investment from all parts of the globe.

[Bob Blackman (Harrow East) (Con)]

13. Will my hon. Friend update the House on the discussions that are taking place to bring inward investment to Wales and to create more jobs and opportunities for young and old alike, and to allow new firms to develop in Wales?

[Guto Bebb]

I agree with my hon. Friend; investment in Wales is most welcome. We need to diversify the Welsh economy. Manufacturing jobs in Wales have increased and the engineering sector is second to none in the United Kingdom. That is based on attracting inward investment. On a recent visit to Deeside, I saw again how Airbus is acting as a catalyst for small business development in north-east Wales. We need a combination of inward investment and home-grown companies that are able to build on the expertise provided by companies such as Airbus.