2. What is the Welsh Government doing to aid post-pandemic economic renewal in Islwyn? OQ59069

Our economic mission sets out Welsh Government's economic priorities. We are strengthening the sectors across the Welsh economy by focusing on support for firms to innovate and diversify, speeding up business decarbonisation, and investing in climate-resilient infrastructure.

Diolch, Trefnydd. Thank you. A popular independent cafe, called Marmajo's, had premises on Pen-y-fan industrial estate in Crumlin until it very recently closed, and the owner, Charlie Allcock, reluctantly made a really hard decision, after watching her energy bills triple, to almost £1,800 a month. Also, in Pontllanfraith, the Islwyn bowls club reopened following the pandemic restrictions, but the bar and function room have also remained closed as the local authority seeks someone to take it over, and the commercial side of the club needs to be secured in the future. And in Blackwood, HSBC have announced their intention to close their branch in July this year. So, in communities throughout Islwyn, the consequences of 13 long, cold years of Tory austerity and the pandemic, and now the Tory cost-of-living crisis, are removing or endangering the important fabric of community life. Trefnydd, the people of Islwyn are grateful for their Welsh Labour Government that seeks, within its devolved functions and within its strict financial envelope, to encourage economic activity. One such area of Welsh Government activity has been in the creative arts. Executives of Netflix last week told the Welsh Affairs Select Committee that their shows, such as Sex Education, which saw filming in Newbridge town centre and across Gwent, contributed £200 million to the Welsh economy over the last five years. What other imaginative avenues, Trefnydd, are open to the Welsh Government to seek to bring life and energy into Islwyn's economic life?

Thank you, and I'm very sorry to hear about the businesses and organisations in your constituency that have had to unfortunately close. As you know, here in Wales, we have Business Wales, and that's just about to celebrate its tenth anniversary, and they've provided a single integrated service to support businesses through these very difficult and uncertain economic times. That includes during the pandemic, as we left the European Union, and obviously the current cost-of-business crisis. Nearly 32,000 businesses were supported through the economic resilience fund during the pandemic, and direct support is available for businesses who continue to face uncertainties due to the cost-of-living crisis, the business crisis and, of course, the recession. There are many businesses in your constituency that have received support and, as you know, we've recently rolled out the business productivity enhancement programme. That's aimed at supporting SME manufacturing businesses also.

Business Minister, for people in Islwyn, since 2019, they have experienced a real-terms increase of just £2.59 in their weekly earnings. Clearly, this isn't enough to keep pace with inflation, and the only way to combat this in Wales is by truly supporting our private sector and making Wales a more attractive place to invest in so they can employ more people on better wages. Clearly, this isn't happening at the moment, with Wales having seen the biggest fall in employment in the UK over the last years. Business Minister, how do you intent to curb this worrying trend?

I disagree with the Member profoundly that Wales isn't an attractive place to do business and to bring new businesses. I think you just need to look at our track record and also the work the Development Bank of Wales has done. I mentioned the business productivity enhancement programme that's recently been rolled out that's attracting new businesses. Again, the number of jobs that have been created just in the last two years in Rhianon Passmore's constituency totalled 621 jobs, with 220 new-start businesses, and has provided dedicated support to 1,102 businesses in Caerphilly.