(5 years, 3 months ago)
Commons ChamberI have regular discussions with my Cabinet colleagues on a range of issues, including the UK shared prosperity fund. The Government are committed to consulting widely on the design of the fund, which will provide a real opportunity to strengthen the bonds of the Union through a programme of investment to tackle inequalities between communities.
Wales has received more than £4 billion—or almost £5 billion—over the last 17 years or more, but remains the poorest part of the UK. This is a once-in-a-generation opportunity to change that funding, so it can be more responsive to the needs of communities, rather than perhaps centralised bureaucrats.
Like Wales, Cornwall has benefited from the European regional development fund and objective 1 funding. Can I ask what representations the Welsh Secretary is making to the Treasury to ensure that small businesses are able to bid in, because that was the big problem with the funding in the previous round?
My hon. Friend makes an excellent point. He talks about the engagement of the private sector and small businesses, particularly with what are currently European programmes, and the difficulty they have had. The UK shared prosperity fund will allow us to respond to the demands of businesses in my hon. Friend’s constituency and right across Wales.
(6 years, 6 months ago)
Commons ChamberI would say in the first instance that the hon. Gentleman is calling for a second referendum, which would create the greatest uncertainty for the UK, both economically and constitutionally. I also point out that exports from the UK are growing, and at a faster rate than areas outside the European Union, and he well knows that exports from Wales cannot be taken in isolation without considering the wider procurement and networking of businesses across the UK.