Hospitality Industry and Tourism: Wales

(asked on 25th March 2025) - View Source

Question to the Wales Office:

To ask the Secretary of State for Wales, what discussions she has had with Cabinet colleagues on the (a) closure of Oakwood theme park and (b) potential impact of changes to employer National Insurance contributions on the (i) hospitality and (ii) tourism sectors in Wales.


Answered by
Jo Stevens Portrait
Jo Stevens
Secretary of State for Wales
This question was answered on 1st April 2025

I have regular discussions with Cabinet colleagues on a range of matters, including those affecting the Welsh economy.

I was saddened to hear about the closure of Oakwood Theme Park. I understand this will be a concerning time for workers at the park and their families.  However, Wales's tourism and hospitality offering continues to be among the best in the world, and both the UK and Welsh Governments are committed to supporting these sectors.

Regarding the impact of changes to National Insurance contributions on the sector, the UK Government has protected the smallest businesses by more than doubling the Employment Allowance to £10,500, ensuring over half of small and micro businesses pay less or no national insurance contributions. Small and Medium sized enterprises account for 99.3% of total enterprises in Wales.

The UK Government is committed to supporting the Welsh tourism and hospitality sectors. In February, we announced a £15 million investment for Venue Cymru and the Newport Transporter Bridge. These are two key projects that will help boost the tourism and culture sectors in Wales.

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