Economic Resilience

3. Questions to the Minister for Economy – in the Senedd on 31 January 2023.

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Photo of Andrew RT Davies Andrew RT Davies Conservative

(Translated)

1. What action is the Minister taking to improve economic resilience in South Wales Central? OQ59046

Photo of Vaughan Gething Vaughan Gething Labour 2:33, 31 January 2023

Our economic mission sets out our economic priorities and how we can help to make Wales a more resilient and prosperous nation. We are strengthening everyday sectors of the Welsh economy, together with a focus on supporting firms to innovate and diversify, speed up business decarbonisation, and invest in climate-resilient infrastructure.

Photo of Andrew RT Davies Andrew RT Davies Conservative

South Wales Central, Minister, obviously hosts two enterprise zones—the one in the Vale of Glamorgan and the financial enterprise zone in the centre of Cardiff. They were set up by a previous Minister and have been a central plank of successive Governments here in Cardiff Bay as to employment opportunities and investment opportunities. What role, going forward, do the enterprise zones have in improving economic resilience, going forward with the vision that you have as the Minister? Are you able to update us as to the outcomes from the two enterprise zones that are located in South Wales Central, as to employment opportunities—increases that we might have seen—and inward investment monies that might have come because of these areas being created?

Photo of Vaughan Gething Vaughan Gething Labour 2:34, 31 January 2023

I can't give you figures off the top of my head for the two zones, but I'll be more to happy to respond to Members on both those points. But more broadly, if you look at Cardiff as an area, if you look at professional services, you have seen real growth and continued investment. I recently met a number of professional services firms with a UK and international footprint who already have a base here in the capital region and are looking to invest further. What we actually have been doing is reviewing the future role of enterprise zones, the ones that we will continue with, and, actually, how we work alongside our economic regions. We're looking to have shared areas of working together with those regions. And actually, there's the growth deal money—the UK Government have also invested into a part of that—in helping to have a range of sectors, where each region can look at what they can do and have significant growth in, and how the Welsh Government can work in partnership with them. But I'll certainly happily come back to you about the two enterprise zones that have existed in the Vale and here in Cardiff as well.

Photo of Jenny Rathbone Jenny Rathbone Labour 2:35, 31 January 2023

Given reports that UK Government Ministers may relax rules for foreign students, to allow them to work more hours, does the Minister have any plans to discuss this with the UK Government, so that foreign students who want to work can help fill the labour shortage experienced by Cardiff's hospitality industry?

Photo of Vaughan Gething Vaughan Gething Labour

We haven't been notified directly by the UK Government that they will proceed with what's been briefed about the potential to relax the rules for foreign students to work more hours. However, I'd say that the starting point is that we really do value international students who come to Wales—they enrich campuses, classrooms and the communities that they live in, both economically and culturally. One of the things that I most enjoyed about going to university was actually meeting people from different parts of the world—it was part of the broader enrichment. But whilst some of those people will work in hospitality, actually, their economic value is much, much more than that. We're very fortunate that we manage to not just attract students to come here to study, but a number of them stay, they have job opportunities, and they certainly enrich a whole range of our economic sectors as well. I'm very pleased that this Government continues to support the international mobility of students, in particular through our Taith programme, but also projects like Global Wales. Myself and the Minister for Social Justice continue to maintain dialogue with our immigration advisers, and I continue to make the case for a more sensible approach to immigration more generally, because of the economic benefits it provides. I hope it'll provide an attack of common sense when it comes to international students, as opposed to some of the alternative briefing you might hear from the current occupant of the Home Office.