5. 4. Statement: The Development Bank of Wales

Part of the debate – in the Senedd at 4:11 pm on 13 December 2016.

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Photo of Ken Skates Ken Skates Labour 4:11, 13 December 2016

I thank Jeremy Miles for his question. Actually, the idea of the patient capital is an excellent one, and it could well form part of the remit of the development bank of Wales alongside other Welsh Government manifesto pledges, principally one that concerns the growth of Welsh indigenous medium-sized enterprises to become businesses that have true global potential. I think that between the support that the development bank of Wales could give and the support that Welsh Government can give via Business Wales in terms of support, advice and de-risking the growth and, in particular, de-risking the recruitment of additional staff, we will be able to grow more medium-sized enterprises in Wales to become large scale and global in their operations.