Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:48 pm on 23 November 2016.
Well, Dirprwy Lywydd, this Government will aim to make the very most of any additional capital that comes our way as a result of the autumn statement. But £400 million over a five-year period is not going to meet the needs of Wales. It does not even begin to restore the one-third reduction in our capital programme that we have experienced since the year 2010. That is why, as a Government, we have embarked on a series of innovative ways of providing investment in the Welsh economy. My colleague, Jane Hutt, did it by using the borrowing powers of local government and of housing associations. We have further innovative financial arrangements in train to produce the new Velindre and to complete the dualling of the Heads of the Valleys road. The idea that Adam Price has put forward this afternoon was discussed with the First Minister yesterday and I know that my colleague Ken Skates will have heard that discussion and will be interested to take it further forward.