A building firm in Old Colwyn confirmed today that they have gone into administration.
There have been fears for the future of Daniel Contractors, which employs 250 people at its North Wales site.
Administrators Deloitte say they are in discussions to sell all or parts of the business and safeguard as many jobs as possible.
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Paul Flynn, MP for Newport West, will open the debate in Westminster Hall.
It will represent another boost to the region, after the announcement Deca Sealand was chosen for a repair hub for defence aircraft.
The Welsh Government says it will enable more than 3000 new students to study healthcare related courses across Wales.