Capital Investment in Cynon Valley

Part of 1. Questions to the Cabinet Secretary for Finance – in the Senedd at 2:03 pm on 5 December 2018.

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Photo of David Melding David Melding Conservative 2:03, 5 December 2018

Cabinet Secretary, you will know, and I'm sure you welcomed, as I did, the decision of RCT council to launch the largest ever capital investment programme in their history. It's set at £300 million, of which £45 million will be on housing. Some innovative schemes are planned, and some important partnerships with the private sector and housing associations—and the local authority itself, of course. Given now that the Treasury is lifting the borrowing cap on councils that want to build more houses, don't you welcome this approach, which, in tough financial times, is just the sort of way to really see our local economies being stimulated?