(12 years, 7 months ago)
Commons ChamberI am always happy to meet the hon. Gentleman, and I was pleased to meet him and the business people who are thinking of investing in Blaenau Gwent. There is a lot of work to be done on the project, which is exceedingly ambitious, but as the area has been designated by the Welsh Government as an enterprise zone for the automotive industry, I hope that good progress will be made. If any help can be given, I am always happy to see what I can do, and I will certainly be pleased to feed back to the hon. Gentleman.
Does my right hon. Friend share my regret that it is almost impossible—[Interruption.]
Does my right hon. Friend share my regret that it is almost impossible to answer the question about cross-border implications, because there are no details other than the location and sectors for the Welsh enterprise zones?
It is increasingly difficult when relying on another Government to implement a policy, but I remain optimistic because I want the message to go out that Wales is open for business. Enterprise zones will give an advantage to businesses going into these areas and create jobs, and there are good forecasts for the number of private sector jobs to be created by 2015, so I walk in hope. I encourage the Welsh Government to do everything that they can, and I stand ready to help them.
(12 years, 8 months ago)
Commons Chamber2. What discussions she has had with her ministerial colleagues on inward investment in Wales.
I am keen to attract more inward investment to Wales, as that is crucial to the recovery of the Welsh economy. I am working closely with ministerial colleagues, the Welsh Government and business to create an environment where companies choose to come to invest. One of our best adverts for Wales is our fantastic Welsh rugby team, and we all wish them well for their game at the weekend. They are a powerful advert for inward investment in Wales.
Inward investment can be materially helped through enterprise zones. Does my right hon. Friend therefore regret the Welsh Administration’s delay of six months in making a decision on enterprise zones?
My hon. Friend is right, and echoes what I have said on many occasions. I work as closely as I can with the Welsh Government and I encouraged them to introduce enterprise zones, but we had six months of wasted opportunities. There is every indication that the enterprise zones might look similar to those that have been announced across the border in England. Two tranches have been announced in England and just the one in Wales, but I am delighted that the Welsh Government have finally announced enterprise zones for Welsh businesses.
(13 years, 3 months ago)
Commons Chamber7. What recent discussions she has had with ministerial colleagues on measures to attract inward investment to Wales.
Clearly, with so many of our companies in Wales having strong links with Japan, and given that some of our inward investment comes from there, I am sure the whole House would like to join me on behalf of Wales in sending our deepest condolences for the appalling tragedy.
I have regular discussions with ministerial colleagues on measures to attract inward investment to Wales. Last month I hosted a trilateral meeting between the First Minister, the Deputy First Minister and the UK Minister responsible for trade and investment to discuss how we can work together to bring much-needed investment to Wales. We will be meeting again shortly.
Although it is too early to prejudge the outcome of the Committee’s inquiry on inward investment, a clear message on skills emerged in oral evidence last week. That message was consistent with the conclusions of the earlier cities report. Certainly, I will see how the UK Government can work with the Welsh Assembly Government to encourage more inward investment, because Wales is a great place to do business.
In the last couple of weeks, a number of strong foreign trade and investment visits have been made to Wales, particularly from India and the US. Does the Secretary of State agree that those are vital for Wales, and that we should maximise the opportunities that they present?
It is very easy to agree with my hon. Friend on that, because we need to maximise the opportunities that such visits present. Wales’s share of UK inward investment projects halved in the past decade from 6% to 3% and we need to act quickly to reverse that. It is therefore important to work across Government Departments in Whitehall, together with the Welsh Assembly Government, so that we have a cohesive programme for attracting inward investment.
(13 years, 6 months ago)
Commons ChamberI have regular discussions with ministerial colleagues on the level of employment in Wales. I am pleased that for the past three months in Wales, unemployment figures have fallen while employment has risen—positive signs that our approach is working.
Nobody would wish to be complacent, but does my right hon. Friend agree that the good news on employment in Wales is an indication that the hard choices we have made about the economy are working for Wales?
My hon. Friend is absolutely right that we have had to make hard choices. We are rebalancing and strengthening the economy by cutting the mountain of debt that the previous Government left us, in order to improve our economic prospects and ensure that more jobs can be created in Wales and across the United Kingdom.