Answer from Hansard

The Parliamentary Under-Secretary of State for Business and Trade (Chris McDonald)

Our 10-year industrial strategy and sector plans will boost economic growth nationwide. South Wales is set to gain a new investment zone in Cardiff and Newport, targeting semiconductors and advanced manufacturing. Across Wales, manufacturers can benefit from a range of other industrial strategy measures that target lower energy costs, faster grid connections, and billions in new capital investments for small and medium-sized enterprises, making it easier to innovate, expand and thrive.