Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 2:07 pm on 9 November 2016.
Thank you very much for that update, Cabinet Secretary—I should’ve said that earlier. But, in 2012 the Government did give the Ruthin Castle Hotel £0.5 million, more than three times higher than any other TISS grant in that year, and just £5,000 of this has been recovered for the Welsh taxpayer after the company failed to meet the TISS criteria. I appreciate in this specific example that there were difficulties recovering moneys because the company’s gone into administration. But, that in itself raises questions about the safeguards on which the Welsh Government insists when giving the TISS grant. The lost money, that’s something other businesses could have used. So, will you be recalibrating the rules for TISS grants in order to have a wider geographic spread for job creation, or are you looking for different ways of reducing the risk to the Welsh taxpayer?