As Secretary of State I am determined to maintain our recent economic success and to ensure that we manage our transition to the new arrangements in a calm and measured way. As we negotiate our way out of the EU, a whole range of decisions will have to be made in due course.
Thank you, Mr Speaker. With EU funds, the road has been mostly turned into a dual carriageway, but some phases of the work have yet to start. Will the Secretary of State assure me that he will do all that he can and work with the Welsh Government to provide support and ensure that that project and many like it will not be jeopardised by Brexit?
The hon. Gentleman makes an important point. I underline that we remain full, active members of the EU, with all the benefits and obligations that that brings, for at least two years. The project he highlights is one of the more successful EU-funded projects, but not all of them were as successful but had questionable strategies and woolly outcomes. We need to reassess how we support regional aid programmes.
I can guarantee that for the next two years at least no EU-supported project will lose out. We have of course not yet concluded our negotiating position, and simply replacing one source of funding with another misses the point. The EU referendum sent out a clear message from the communities that are purported to benefit the most from European aid that they simply did not want what was being offered to them.