6. Welsh Conservatives Debate: Free ports

Part of the debate – in the Senedd at 4:58 pm on 8 February 2023.

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Photo of Tom Giffard Tom Giffard Conservative 4:58, 8 February 2023

After listening to Luke Fletcher and Joyce Watson, all I can say is that the anti-growth coalition is alive and well in the Senedd Chamber here today. I welcome today's debate because not only does it give me a chance— [Interruption.] You can intervene later on, Huw; don't worry. It gives me a chance to say how beneficial free ports will be to the Welsh economy, but I can also tell you how brilliant Port Talbot will be in supporting a Celtic free port, as the Dirprwy Lywydd knows only too well.

I hoped—I wrote 'hope' here but that hope is lost now—I hoped that everyone here could see the benefits of an area with tax and customs incentives, not only for the jobs they create, but also the huge investment opportunities they'll bring to the areas that really need it. A free port for Wales will no doubt be a big factor in our economic recovery after COVID-19, and will be a real driver in creating future markets for UK products across the globe.

The Welsh economy, under this Welsh Labour Government, has been centred too much around the city of Cardiff, so it's a fantastic chance for us to spread the wealth away from just one corner of our country. It's evident too that a free port can promote regeneration in a surrounding area, and that will deliver for communities that need it the most in Wales, and those disproportionately tend to be our coastal communities.

Free ports work. I was really struck by the fact that just a small public investment into free ports is likely to deliver huge economic returns. For example, the two free ports in Scotland were given £52 million in UK Government investment and are set to bring forward £10.8 billion in public and private investment to these areas. That’s a two-hundredfold return.