Nia Griffith
Main Page: Nia Griffith (Labour - Llanelli)Department Debates - View all Nia Griffith's debates with the Wales Office
(7 years, 10 months ago)
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Alun Cairns
My hon. Friend makes an important point and allows me to underline once again the positive financial commitments this Government have made to Wales. In addition to the 115% funding for the Barnett floor that we have introduced, there is a £2.8 billion investment in electrification and £500 million for a city deal, on top of a range of other projects—UK taxpayers’ money being invested in Wales on top of the Barnett consequentials.
Nia Griffith (Llanelli) (Lab)
Given that Wales will no longer receive funding through the European regional development fund, which is allocated on objective needs-based criteria, and that Holtham saw the Barnett floor as a temporary transition measure, what consideration is the Secretary of State giving to developing a clearly needs-based formula for allocating funding to Wales?
Alun Cairns
There were many campaigns for a Barnett floor but it was only this Government who delivered on that. On European funds, we have not yet concluded our negotiating position, but simply replacing what are currently EU funds with another source from Westminster misses the point: the EU referendum sent out a number of messages, and those areas that receive most EU funds were the areas, sadly, that voted most strongly to leave the EU. We need to look at models of regional aid in a different way.