Wayne David
Main Page: Wayne David (Labour - Caerphilly)Department Debates - View all Wayne David's debates with the Wales Office
(2 years, 6 months ago)
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Simon Hart
On that particular point, I agree with my hon. Friend—I would probably describe him as my permanent friend. It is perfectly right that we wait and see what the Chancellor says. We have tried to set out short, medium and long-term measures that will help with the current challenge and we will of course hear more in due course.
Wayne David (Caerphilly) (Lab)
The Secretary of State for Wales (Simon Hart)
I have regular discussions with the First Minister of Wales on a range of issues, including how Wales’s £585 million share of the UK shared prosperity fund will level up communities across our country.
Wayne David
Does the Secretary of State share my concern that according to a number of independent analyses, the shared prosperity fund is likely to shift resources away from the valleys, the poorest parts of Wales, to more prosperous parts?
Simon Hart
Unsurprisingly, I contest the hon. Gentleman’s assertion. I would just say this: by 2024-25, the annual funding from the shared prosperity fund will match the average annual funding that Wales would have received from the European Regional Development Fund after adjusting for inflation. If he does not take that from me, or does not believe me, I can tell him that it is from Guto Ifan, research associate at the Welsh Governance Centre. That indicates that we are going in the right direction with the shared prosperity fund. Would it not be good, just for a moment, if the Welsh Government supported those very ambitious opportunities?