Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential economic effect of the withdrawal of EU funding on the South Wales metro project.

The UK Government will guarantee funding otherwise expected from the EU for structural and investment projects in Wales, including European Regional Development projects, signed before we leave the EU. It will be for the Welsh Government to make an assessment of which projects should be pursued in areas of its competence within its MFF allocations in this period, and this guarantee will apply to any such projects.