Questions Without Notice from the Party Leaders

Part of 1. Questions to the First Minister – in the Senedd at 11:36 am on 1 July 2020.

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Photo of Mark Drakeford Mark Drakeford Labour 11:36, 1 July 2020

Well, Llywydd, the economic resilience fund that the Welsh Government has drawn together has, up until now, been very much focused on simply assisting firms and individuals to cope with the impact of coronavirus. But we have already indicated that there will be a further phase of the ERF, beyond phase 1 and 2, which we are currently operating, and phase 3 will be a recovery phase. And there will be many millions of pounds still in the fund that we will be able to use for recovery, and where there are good ideas as to how that money might most effectively be used, then, of course, we will be very pleased to draw on those ideas, wherever they come from. The fact that we have a recovery phase in our economy will be shaped by the work that Jeremy Miles has been leading to put together a recovery plan for us in Wales, drawing on the best people we can bring together inside Wales, but having people from outside Wales, to make sure that we don't miss out on ideas that people are developing elsewhere, and to challenge us on our own thinking and make sure we are making the best possible fist of designing that recovery stage.

We monitor what we do. If you want just one single example of that in figures that the ONS produced only last week, I think it is over 30 per cent of firms in Wales have benefited from assistance provided, either by the UK Government or by the Welsh Government, in order to help them through the pandemic. It's 21 per cent of firms in Scotland; it's 14 per cent of firms in England. And those are ONS figures, which demonstrate, I think, that the impact of the assistance we've been able to mobilise in Wales has been felt strongly in our economy, and we now want the same approach to be adopted, with the same level of success, in helping the Welsh economy into the recovery phase.