The Welsh Government's Investment in TVR

Part of 3. Topical Questions – in the Senedd at 3:12 pm on 17 January 2018.

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Photo of Mike Hedges Mike Hedges Labour 3:12, 17 January 2018

Hewlett-Packard, of course, started with two people, and Facebook with one, so I don't think the number of people you're starting with is of great importance; the number of people you end up with is the most important.

There are three ways of funding: grants or non-repayable loans, as they used to be described, loans and equity. Will the Cabinet Secretary explain why he's chosen equity in this case?