Plaid Cymru Shadow Cabinet Secretary for Business, the Economy and Finance Adam Price AM has today highlighted the further gains secured by his party as part of the Welsh Budget.
The final budget published today includes details of additional funding secured as a result of further discussions between Plaid Cymru and the Welsh Government since the Autumn Statement.
This additional funding covers three key areas:
- £10m for a targeted non-domestic rate relief grant scheme to help small businesses
- An additional £15m of capital funding over four years to the Local Transport Fund
- An additional £50m of capital funding to accelerate the delivery of the A483 Llandeilo Bypass
Adam Price AM said that the historic deal represented “a maturing of politics in Wales” with Plaid Cymru succeeding in delivering in opposition while still holding the government to account.
Plaid Cymru’s Adam Price AM said:
“Plaid Cymru is pleased to have secured the biggest one-year budget deal since the advent of devolution.
“This historic agreement will see millions of pounds invested in health, education and infrastructure in order to deliver tangible benefits to the lives of people in Wales.
“As part of the draft budget published in October, Plaid Cymru succeeded in securing a £119m commitment from the Welsh Government for our manifesto pledges, plus an additional £160m for policy priorities identified as common ground between ourselves and Labour.
“On top of this, we have undertaken further negotiations since the Autumn Statement which have resulted in an additional £65m of capital funding for roads and local transport, as well as £10m for a targeted grant scheme to help small businesses in Wales.
“This is a budget whose scope and substance have been enhanced by Plaid Cymru’s participation in the negotiation process, forcing the Welsh Government to raise its sights.
“The agreement represents a maturing of politics in Wales in which an opposition party such as Plaid Cymru can succeed in delivering meaningful change in opposition while still holding the government to account in a robust and responsible manner.”