Part of the debate – in the Senedd at 5:31 pm on 18 October 2017.
I agree, and thank you for that because you’re making my speech for me, effectively. [Laughter.] I can probably skip a page. [Laughter.]
Yes, but when you think that the Government is getting it right—. As you say, the new Development Bank of Wales is going to be headquartered at Wrexham, but then, of course, we hear that the chief executive won’t be based there, we hear that lead officers and board members will be based elsewhere, despite the Cabinet Secretary telling us that it wouldn’t just be a brass plate on the door. Well, you know, I accept that it is positive that it is going to be based there, but, you know, it does still leave a little bit of something hanging there about whether they genuinely will be headquartered there or whether, really, that isn’t the case.
Plaid Cymru has been consistent in insisting that we need parity of funding for all parts of the country as well as the real devolution of existing, and the establishment of new, national institutions, such as the Welsh Revenue Authority, and the development bank, and of course the national football museum as well, we hope, will, if it comes to fruition, be culturally important and be an important economic driver for north Wales as well. In our recent budget deal, we secured millions of pounds of extra investment for north Wales, including funds for, potentially, the national football museum I mentioned just now, investment in north-south links, medical training for the north, work on the third Menai crossing, et cetera, and that, of course, is positive.
But there is a concern in north Wales that the north Wales economy—. There’s a feeling that it’s becoming a bit of a—. Or there is a risk, certainly, that it’s becoming a bit of an afterthought. It’s an add-on or an appendix to the Northern Powerhouse. I’m hearing that from increasing numbers of people in the sector, and there’s a danger as well that it falls between the two stools of the Northern Powerhouse in England and the city regions in south Wales. We need to guard against that and we need to ensure that north Wales becomes an economic powerhouse in its own right, as part of a broader national Welsh economic strategy. Of course, an all-Wales economic vision, such as Plaid Cymru’s, is essential if we are to spread prosperity and opportunity throughout the country.
I’d flag up here as well the shared prosperity fund that the UK Government is proposing to replace some of the EU regional funds, which Wales is currently receiving, for the post-Brexit era. The EU regional funds are accessible, of course, to west Wales and the Valleys, if you look at certain aspects of that funding. If the shared prosperity fund is for all of Wales—and, you know, there’s a discussion to be had about how we use that money—then I’m already hearing people expressing concerns that it’s going to be channelled into areas that are already getting the lion’s share of investment. I’m not saying that’s going to happen, but we really need to be mindful that there is a risk there that some of those areas in north Wales, west Wales and the Valleys, potentially, will not be able to access as much money as they have previously been able to.
The North Wales Economic Ambition Board as well is critical to all of this, and one of the amendments before us is quite right to recognise their role, and their growth vision offers certainly a direction of travel for us, and their work recently on highlighting the skills needs in north Wales lays out a clear challenge to the Welsh Government and to the UK Government, and it’s a challenge that needs to be met head on.
Alongside all of this, of course, Plaid Cymru wants to introduce a regional renewal Bill that will enshrine, in law, a requirement on our Welsh Government to ensure that investment benefits all parts of our nation and drives up productivity in every part of Wales. It’ll transform how investment decisions are made in Wales, as well as how they are delivered. And, through legislation, we’d establish regional development agencies, as well as a national infrastructure commission with statutory powers, and in its remit letter will be a duty to spread investment across Wales. We need to prioritise the most deprived areas for investment in order to rebalance the economy, and the Government has a duty to ensure that no community and no part of Wales is left behind as it seeks to create the jobs, the growth and the opportunities that we all deserve.