Part of the debate – in the Senedd at 5:44 pm on 16 July 2019.
I thank the Member for that series of questions. It's his constant refrain that we need to respect the result of the 2016 referendum. He knows very well, of course, that on these benches we sought to find a version of Brexit that fulfilled the instruction in 2016 whilst minimising the damage to the Welsh economy. It was a version of Brexit that he and his party were not interested in in their headlong rush towards their ideologically driven version of Brexit. They showed no interest for the welfare of Welsh businesses, organisations and individuals that he claims to profess so much care for here today. Let me tell you what does not respect the result of the 2016 referendum is a 'no deal' Brexit, which no-one advocated for and people on those benches and others made a particular point of explaining to people how straightforward a deal would be. There is no mandate in the 2016 result for the course of action that he is perfectly prepared to tolerate in this Chamber today.
He asks what we are doing to support businesses. I take the point. I spent, I think, 20 years before being elected working in the private sector, so I absolutely understand, at least as much as anybody on those benches, what it's like to work for a business. And let me tell you, I absolutely understand, especially for small businesses, that there is not the capacity to spend time thinking and planning for all ranges of eventualities. That is a significant concern for us, and we are doing all we can through the Federation of Small Businesses and the through the chambers of commerce to try and communicate the resources that we are making available.
I will say to him that the Brexit resilience fund stands at considerably more than he gave in the figures there; we're looking at figures of approximately £9 million, and actually there is a lot of demand for that fund, absolutely, as we would expect to be the case. And we will keep under review the amount of funding that we are able to make available to support businesses, but we have provided—and I believe we may be the only Government in the UK that's done this—through the EU transition fund, a source of funding to support businesses and other organisations through the choppy waters that inevitably lie ahead for them.
Out of the £50 million fund, we've already committed a sum of around £35 million to £36 million. There are other proposals under consideration at the moment. He, I'm sure, will want to know that we are evaluating those proposals carefully in the interests of value for money and proper public accountability. And he is right to say that it is important for us to deploy those funds in as timely a way as possible. I point him to the announcement made by the Minister for finance, which she referred to in her statement a few moments ago, of the £85 million committed as a means of stimulating the economy to deal with the potentially damaging effects of the sort of Brexit that he and others are perfectly prepared to contemplate.
In relation to legislation, I mentioned in my statement that the legislation I was referring to was by way of statutory instruments. Obviously, the elongation of the period of our membership of the European Union means we're looking at other legislation passing through the European Union. We are looking to make corrections in statutory instruments and there are other improvements that we are needing to make to deal with the deferred point of departure. They will be dealt with in terms of scrutiny in accordance with the arrangements agreed with the Constitutional and Legislative Affairs Committee and the Standing Orders of the Assembly.