Questions Without Notice from Party Spokespeople

Part of 1. Questions to the Minister for Economy and Transport – in the Senedd at 1:38 pm on 16 January 2019.

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Photo of Ken Skates Ken Skates Labour 1:38, 16 January 2019

The Member is absolutely right that it's all about implementing the plan. It's not just about designing a plan and publishing a plan, as the UK Government has found in its inability to implement a Brexit plan or indeed even get agreement for it. I am able to confirm to the Member that the economic contract is now in place and more than 100 businesses seeking financial support from the Welsh Government have signed the economic contract. In terms of refining the economic action plan, we're looking at how we can firstly extend the principles of the economic contract right across Government, including through procurement, but we're also looking at, as I think I've already made clear in previous committee appearances, how we can consolidate further funds into the economy futures fund. Dozens of awards have been made already through the economy futures fund. I think perhaps one of the highlights of the period between launch of the EAP and implementation has come just this week, when we were able to announce support for Thales to take forward the National Digital Exploitation Centre, which is of course an initiative that meets more than one of the calls to action. It focuses largely on the development of skills. It focuses on research and development, and it also focuses on innovation, demonstrating how the economic action plan is already making a big difference as we strive to increase the availability of high-skilled, well-paid work and as we drive forward the inclusive growth agenda.

It's perhaps worth my saying as well that, in terms of the challenge opportunities that we're looking at considering soon, just before Christmas I shared a platform with the Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, in London at the Royal Society, where we both talked about the importance of place-based economic development and how the economic action plan can dovetail with the UK industrial strategy in a number of ways. One of the ways in which we discussed further collaboration or one of the avenues that we discussed in terms of further collaboration concerned the UK Government's grand challenges and the Welsh Government's challenge proposals from business.

So, I think that a huge amount of work has already taken place in terms of implementing the economic action plan, through those dozens of awards, through the economy futures fund, and many jobs have been created. But, most importantly of all, we are now driving a very, very clear inclusive growth agenda through the implementation of the economic contract and through businesses so warmly welcoming it and signing up to that contract.