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BUDGET: Statement from Welsh Secretary

The Secretary of State for Wales Cheryl Gillan says Chancellor’s Budget Statement will continue to support families, business and long-term economic growth. She says it will have a fair and positive impact on Wales and highlighted the capital allowances for the Deeside enterprise zone.

We are committed to giving the Welsh Government funds and support to build strong enterprise zones in Wales, making enhanced capital allowances available, starting with Deeside. This will support growth, create jobs and enable funds for machinery investment to be available from 1 April 2012. Subject to receiving strong and robust business cases from the Welsh Government, we will look to agree funding for additional sites in Wales. Funds of up to £12 million have been granted for the already announced Cardiff broadband ‘super-connected city’ project".

– Welsh Secretary Cheryl Gillan

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