The Welsh Government's Investment in TVR

Part of 3. Topical Questions – in the Senedd at 3:10 pm on 17 January 2018.

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Photo of Adam Price Adam Price Plaid Cymru 3:10, 17 January 2018

Did the Cabinet Secretary answer the question in relation to the membership of the board, because he was unsure, when he was asked this morning, whether the Government had nominated, presumably not a director according to the company accounts, but a nominated observer, at least? Is it Government policy to have nominated observers in situations like this where the Government has taken an equity stake? He said this morning that the reason the Government had taken a direct stake in this instance, rather than going through the development bank, because the development bank hadn't been established—. But will it now be the policy, from now on in, for those equity stakes to be held via the development bank, which deals with investments on a regular basis, and would therefore seem a more sensible approach?

Can we have a Government statement every time an equity stake—? I mean, this is different, surely, from a grant or a loan. If the Government is taking part ownership in a company, then surely it shouldn't be up to the BBC to report that—that should actually be provided either in a written statement or a statement on the floor of the Assembly.