Job Creation through Inward Investment

Part of 1. Questions to the Minister for Economy – in the Senedd at 2:06 pm on 19 January 2022.

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Photo of Laura Anne Jones Laura Anne Jones Conservative 2:06, 19 January 2022

Thank you for your response, Minister. The chief economist's report in 2020 highlights that the growth in productivity and inward investment has been very sluggish in Wales since the 2008 financial crash. The Welsh Government's approach has focused more on pet projects, with big promises but little return on economic development, for example your disastrous enterprise zones, a failure to invest in transport infrastructure, and the Circuit of Wales project. The former Welsh Development Agency, for all its faults, made significant progress in growing Wales's economy, attracting large levels of investment into Wales. Has any thought been given to re-establishing a body such as this to breathe life back into the Welsh economy, as it is since the WDA's powers were transferred back to the Welsh Government that the problems have begun? The approach to economy in Wales has changed to 'hit and hope', and value for money for taxpayers has become a second thought, a decent transport infrastructure is not on the cards, and investors have now looked elsewhere in the UK. Wales is craving inward investment, Minister. What are you doing to promote Wales as the best place to set up a business, which obviously in turn will create more jobs in prime locations, such as along the M4?