Lord Anderson of Swansea
Main Page: Lord Anderson of Swansea (Labour - Life peer)Department Debates - View all Lord Anderson of Swansea's debates with the Wales Office
(6 years, 1 month ago)
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Lord Bourne of Aberystwyth
My Lords, that is a constructive and useful suggestion; I shall take it back. It would be very useful in relation to Wales. The Secretary of State will obviously want to consider it.
Lord Anderson of Swansea (Lab)
My Lords, will the Minister give an assurance that Wales will be fully compensated for the loss of Objective 1 status and the regional benefits that go with it?
Lord Bourne of Aberystwyth
My Lords, the noble Lord is right about the importance of cohesion funding. As things stand, there is no guarantee that Wales will qualify for Objective 1 funding in the next round —in many ways, one hopes that it does not; it is not a badge of pride. In relation to the future of cohesion funding, he will be aware that the shared prosperity fund is being discussed on a UK basis, with full consultation with Wales to ensure that Welsh interests are properly protected.