Economy: Growth
Debate between Baroness Wilcox and Lord Touhig(12 years, 3 months ago)
Lords ChamberRead Full debate Read Hansard Text
Lord Touhig
Since the Welsh Government launched their £15 million economic growth plan in December, they have been inundated with requests for help, so much so that they now plan a £40 million fund to encourage SMEs. But Governments can only do so much: the real job belongs with the private sector. However, as we have seen from the figures released this week, the banks are not lending to their targets to SMEs. Will the Minister tell us what the Government are doing to ensure that companies in Wales can access the finance they need in order to invest and grow?
Baroness Wilcox
Wales is certainly receiving all the attention that we can give it. Wales has its own way of behaving and of running itself, and that is how we think it should be. I would of course mention that we are to have the Silk commission on further devolution for Wales soon, and we shall be interested to see that next year.
Citizens Advice Bureaux
Debate between Baroness Wilcox and Lord Touhig
Baroness Wilcox
I agree with everything that my noble friend has said. Worrying about the poorest people in the country is one of the reasons why Citizens Advice is going to be supported so well by the Secretary of State for Business, because it is nearest to the people. In terms of education, advocacy and the role of Consumer Direct, we think that Citizens Advice and Citizens Advice Scotland are nearest to the people in the street for them to be able to get the advice that they need.
Lord Touhig
My Lords, as the Government are determined to cut one very fine source of free advice in Wales by removing 25 per cent of our Members of Parliament, will the Government consider providing central funding for Citizens Advice?
Baroness Wilcox
No, this is a local issue to be dealt with in Wales, for Wales, by its local governments. I am sure that they will take on board all the noble Lord’s recommendations.