Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 1:32 pm on 29 March 2017.
Can I thank the Member for his contribution, his question, and his kind words? I think he is absolutely right—it’s essential that, where we can, we decentralise, in order to drive regeneration and economic growth in those areas that have not benefited from all of the gains of economic growth in recent years. So, whether it be Transport for Wales in Pontypridd, or the Welsh Revenue Authority elsewhere in the Valleys, or the development bank of Wales in north Wales, I think it’s essential that we look at these opportunities, and, again, squeeze maximum value, by working together. In the future, we may be able to see other investments and the move of other responsibilities. Potentially, for example, with the creation of Historic Wales, we could see an investment in mid or north-west Wales, or the west of Wales.
And I do think that the regional approach to economic growth is the right way to go. With the Cardiff capital region, we know that it’s estimated that 25,000 jobs will be created as part of that particular initiative, across the 10 local authority areas. My ask of the Cardiff capital region would be to ensure that there is no lumpiness in terms of economic growth across the region. And, in order to address the current lumpiness, there will have to be targeted spending and a concerted effort to benefit those areas, as I’ve said to Vikki Howells, that did not benefit so well from economic growth after the 2008 crash.