3. Statement by the Minister for Economy: Regional Economic Development

Part of the debate – in the Senedd at 3:14 pm on 4 October 2022.

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Photo of Peter Fox Peter Fox Conservative 3:14, 4 October 2022

Thank you, Minister, for your statement. I'm pleased that you recognise transport as a key thread. The need to rethink transport systems across Wales is important, and it's clearly evident in all of the four regional economic frameworks, as we've seen published a little while ago. 

If I focus on the south Wales metro scheme, this has the potential, as you know, to enhance economic opportunity and prosperity right across south-east Wales, including my constituency, Monmouth. But, I think there are questions over the progress and action that is being seen for modal shifts, such as rapid bus transit, to encourage the economic growth we all need to see. Transport for Wales oversees the metro, and it’s not in the gift of the city deal to oversee that, but perhaps that’s something that needs to be considered. How are you engaging with the various regional cabinets to ensure that the needs of local communities and economies are fully incorporated in your plans?

I want to touch briefly on the point Paul raised as well. I was pleased you mentioned that the Government are trying to seek out further investment, which is absolutely fundamental. We’ve had some great innovations in south-east Wales, such as the compound semiconductors, and the rest of those clusters that are evolving, but it relies upon continued access to investment and skills to drive progress on a more impactful scale. So, I just want to labour that point again, about the fact that we aren’t working closely enough with UKRI or Innovate UK to lever in those funds. We keep talking strategy, strategy, strategy; when do we get to action, action, action, and lever in the moneys like Scotland have done, and actually drive things forward? We are getting left behind.