Advanced

PARLIAMENTARY WRITTEN QUESTION
NATO: Newport (4 September 2014)

Question Asked

To ask the Secretary of State for Wales, what assessment he has made of the potential financial benefits to Wales arising from holding the NATO Summit in Newport and Cardiff.

Asked by:
Stephen Doughty (Labour)

Answer

The NATO Summit has shown the world that Wales is an excellent location to invest, set up a business or host world-class events. Many Welsh businesses, including those in the tourism and hospitality sectors, have benefitted from Wales’s successful hosting of the Summit.

A recent report from Barclays that looked at the NATO Summit and its impact on Wales concluded that, “A successful Summit will create direct and indirect business opportunities for Welsh companies for many years to come”.

I want to build a lasting legacy for Wales following the Summit. As part of this, the Celtic Manor will host a UK investment summit in November which will showcase Wales as a great place to invest.


Answered by:
Stephen Crabb (Conservative)
9 September 2014

Contains Parliamentary information licensed under the Open Parliament Licence v3.0.