Part of 4. Questions to the Minister for Finance and Trefnydd – in the Senedd at 12:54 pm on 1 July 2020.
Rhun ap Iorwerth is entirely correct that yesterday's announcement from the Prime Minister was a complete non-event, in the sense that there's not a single additional penny coming to Wales as a result of the statement yesterday, certainly not this year, and all that's happening is that funding is being reprofiled for future projects. So, there was nothing of interest or significance to us here in Wales. That said, we recognise how important capital spend is going to be in the recovery, which is why we're pulling together the programmes that we think will be, and which are really shovel ready in terms of being able to hit the ground as soon as we're able to now, as we move into that recovery phase.
Local government is also working really hard to identify shovel-ready projects right across Wales, so that we are able to get that geographical spread of investment, bearing in mind that some communities are going to be hit particularly hard by the economic fallout of the coronavirus as well. And, of course, we have our Wales infrastructure investment plan, which contains billions of pounds of potential investment as well, so that will be really important.
And finally, I should mention, of course, our plans for twenty-first century schools continue. Our plans in Wales would spend £2 billion over the next five years, and I think that that level of ambition just dwarfs what the Prime Minister announced yesterday for England.