Part of 1. Questions to the Minister for Economy – in the Senedd at 2:07 pm on 19 January 2022.
Well, as ever, a certain view on the past that isn't fully reflective of what happened is something that I've come to expect. I just don't accept the entirely rose-tinted view on where the WDA was compared to where things are now. And actually, last year, Wales saw an increase in inward investment, the only UK country to do so. And you'll have seen—or if you haven't, you may want to look at it—the international evidence and forecasts that suggest that, actually, inward investment in the next year or so is unlikely to significantly rebound. Part of the challenge of the pandemic and its global reach is that those inward investment projects are less likely in terms of the number and the scale. Despite that, we have 1,300 foreign-owned companies in Wales that employ, we estimate, over 165,000 people. A range of those are high-value and long-term partners. I, myself, have had regular conversations around trade and around supporting businesses that export and import, around supporting further foreign direct investment. I've had direct conversations with some of those potential investors as well. And the point about what we're trying to do is to be smarter about how we use our resources, to have people who are interested in a long-term future in Wales and a high-value future in Wales. So, we're continuing to pursue areas to attract investment in Wales from across the globe, and that includes working with the Department for International Trade as well. So, I look forward to continuing to see Wales as a good place to invest, whether you're a local, home-grown business—and we want more of those—as well as the potential for inward investment alongside that.