Part of 4. Topical Questions – in the Senedd at 3:53 pm on 16 October 2019.
Can I thank Russell George for his questions? Now, in terms of exports, exports form one of our calls to action in the economic action plan—one of the five criteria that businesses can utilise to draw down funding from the consolidated grant funding programmes that Welsh Government operates. All evidence points to the fact that, if you wish to drive up productivity rates within an economy, you have to have a higher proportion of businesses that are operating within those tradeable services sectors and which are globally exposed. That means you have to have a high proportion of businesses that are exporting. It’s absolutely vital. That’s the reason why we included exports as one of the channels to fund businesses in the economic action plan, and why the international relations Minister is so keen to promote exports within her international strategy and to identify those champions for exports right across Wales and to utilise their experiences and their skills to encourage other businesses to export more.
In terms of foreign direct investment, I have to say that opportunities to draw in investment right now from overseas are few and far between, given the uncertainty attached to Brexit. They haven’t dried up altogether. One example of a recent success story was, of course, INEOS Automotive. We competed with destinations across Europe and indeed the globe to win that particular investment, but it is incredibly difficult right now to attract investment to the UK. Nonetheless, our efforts will be guaranteed for the future, and we’ll do all we can to attract high-quality, well-paid, sustainable jobs to Wales—those jobs that form the industries of tomorrow.
In terms of the ReAct programme, the first thing that we'll be doing is ensuring that we have an accurate picture of the skill sets of individuals within the company. From there, we'll then seek to engage each individual with Careers Wales, with the Department for Work and Pensions, and any other support service that they require, and that could include support services that concern their mental health and well-being. We will then assess what opportunities there are within the sector and more broadly in associated sectors that could utilise their skills. I'm confident that, because those people who are employed at Hi-Lex are so highly skilled, they do have a very great prospect of future employment, but my concern is with ensuring that they don't undergo a period of unemployment between now and when they secure alternative employment after 2020 or 2021.