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Finally, Wales is benefiting with more than £3 million of LIBOR funding raised from fines levied on banks being distributed to good causes, including a further £1 million for the Wales Air Ambulance.
The fund will be used for projects such as roads and water connections that will support the construction of up to 100,000 new homes in the areas where they are needed most.
Most significantly for Scotland is the £800 million of extra capital funding. This is as a result of the Chancellor’s decision to invest in infrastructure, but it is for the Scottish Government to step up now. If it is used properly by the Scottish Government, this will make a real difference to productivity, jobs and growth in Scotland.
Our goal is to make it easier for businesses to work with defence and make defence business more attractive to a wider range of suppliers, which is why this external consultation is so important.
A firm foundation upon which my Rt Hon Friend the Business Secretary will work with industry to build our ambition of an economy that works for all.
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