Oral Answers to Questions

Mark Tami Excerpts

Wednesday 17th March 2021 Commons Chamber

[David T. C. Davies]

I am sorry to say that the hon. Gentleman, whom I greatly like and respect, perhaps has not been told that not only will the fund be there to enable access to the shared prosperity fund, but we will continue to receive European structural funding for the next three financial years at least. I looked this morning at the figures for European structural funds for Wales, and we will receive more on average next year than we have received previously, so there will actually be no loss of funding whatsoever as a result of coming out of the European Union.

[Mark Tami (Alyn and Deeside) (Lab)]

What steps the Government are taking to support the manufacturing industry in Wales.

[Chris Elmore (Ogmore) (Lab)]

What steps the Government are taking to support the manufacturing industry in Wales.

[The Secretary of State for Wales (Simon Hart)]

We have provided £2.75 billion in direct support for businesses in Wales during covid. The job retention scheme has been extended until September, and we are introducing a new super deduction to cut companies’ tax bills by 25p for every £1 they invest in new equipment.

[Mark Tami]

A recent report by Grant Thornton stated that Brexit could cost Flintshire and Wrexham as much as £300 million a year. Manufacturing is vital to the future of north Wales, but numerous companies are telling me of the difficulties they are having exporting. Instead of saying that everything will be fine, when are this Government going to sort these problems out and get this moving?

[Simon Hart]

I draw the right hon. Gentleman’s attention to the additional £5.2 billion we have provided to the Welsh Government and the £2.75 billion to businesses in Wales, with £1.5 billion in bounce bank loans and £503 million in coronavirus business interruption loans. This is all about jobs and livelihoods in the part of Wales that he represents so vigorously, and he should welcome that, as he should welcome the £20 million announcement this morning for the south Wales industrial cluster. There is good news, and he cannot dwell on the past in order to make political capital.