Will the Minister outline his plans for supporting and protecting economic growth in Wales after the EU Referendum result?
There are significant challenges ahead as a result of the EU referendum. I have been meeting with businesses and am undertaking a range of measures to provide assurance and maintain business confidence including a programme of business engagement and a drive to support Welsh exporters.
We are currently assessing the impact on our funding but we have made it clear that the money that comes into Wales from the EU must now be replaced by money from the UK Government and the First Minister has written to the Prime Minister asking for confirmation that every penny of this funding is safe. We have also made it clear that Wales must be fully involved in negotiations on the terms and timing of the UK’s withdrawal from the EU.