<p>Planned Capital Expenditure</p>

Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:32 pm on 11 January 2017.

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Photo of Mark Drakeford Mark Drakeford Labour 1:32, 11 January 2017

I thank Julie Morgan for that further question. She’s referring to work that was begun by my predecessor, Jane Hutt, because, even with the additional £440 million of capital investment announced in the autumn statement, the Welsh Government’s capital budget will be 21 per cent lower in 2019 than in 2009, and that means that we have had to look for innovative ways in which we can fund very important capital developments in the future. The new Velindre Cancer Centre is one of three such schemes that are in development. They will have a total capital value of around £1 billion. Now, the Welsh mutual investment model has recently been explored with the Office for National Statistics to make sure that, when we are finally in a position to move ahead with it, its expenditure will not count against our capital departmental expenditure limit. And those conversations have proceeded, I think, constructively, and I hope to be in a position to report their outcome to the Assembly within the next few weeks.