Question to the Wales Office:

To ask the Secretary of State for Wales, what steps his Department has taken to promote use of the UK Guarantees Scheme in Wales.

When I meet with members of the business community in Wales, it is clear to me the importance of the UK Guarantees Scheme in providing investors with the vital financial certainty to initiate critical new infrastructure projects in Wales and throughout the UK. HM Government has a memorandum of understanding with Hitachi and Horizon Nuclear Power to support investment for the proposed nuclear development at Wylfa Newydd; discussions around the provision of a Government Guarantee form a key part of this. The Project will create up to 1,000 permanent jobs and provide excellent opportunities for Welsh businesses to be a part of the supply chain.