Jo Stevens

Jo Stevens

Labour — Cardiff East

Speaking in the House of Commons on 27 February 2025

Debate

St David’s Day and Welsh Affairs

Contribution

If the hon. Gentleman does not mind, I will carry on because we do not have much time. We have given the green light to Welsh freeports to unlock billions in private investment and galvanise almost 20,000 jobs in our port communities of Milford Haven, Port Talbot and Holyhead. Two investment zones, in Wrexham and Flintshire and in Cardiff and Newport, have been confirmed, with £320 million of funding to support growth in key sectors of the economy to create those new jobs. We have also secured funding for local growth projects across Wales worth £440 million, including money for Cardiff Crossrail and the recently opened Porth transport hub. We have protected key programmes that are important for local regeneration and economic growth, such as the iconic Newport transporter bridge and Venue Cymru in Llandudno. We are continuing to invest throughout Wales, with over £790 million in UK Government funding through the city and regional growth deals. Unlike the Conservative Government, whose £22 billion in unfunded commitments left many Welsh levelling-up developments at risk, our investment in these initiatives is an example of how our plan for change will lead to a decade of national renewal for people the length and breadth of Wales. Wales now has the benefit of two Labour Governments committed to the regeneration and economic growth that will put more money in people’s pockets, raising living standards. This is a partnership in power that will continue to deliver for the people of Wales. As we have heard this afternoon, the Welsh Government had a record-breaking funding settlement from the UK Government in the Budget of £21 billion, with £1.7 billion extra to spend on improving public services in Wales. The Welsh Government have committed £600 million of that extra funding to health and social care. I really welcome the recent news that waiting times in Wales are heading in the right direction. I hope that both Conservative and Plaid Cymru Members of the Senedd will reconsider their position on voting against the Welsh budget next week, because they are sending the message that they do not want that extra investment into public services in Wales.

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