The Welsh Government's Investment in TVR

Part of 3. Topical Questions – in the Senedd at 3:04 pm on 17 January 2018.

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Photo of Ken Skates Ken Skates Labour 3:04, 17 January 2018

I do indeed share the Member's excitement about the investment the Welsh Government has made in TVR, which follows a process of thorough due diligence, and we provided a repayable commercial loan of £2 million in early 2016. This was made alongside a private sector lender. We've also invested £500,000 into equity on the same terms as other investors, giving the Welsh Government a minority stake of 3 per cent in TVR, ensuring that the Welsh taxpayer benefits from the company's success.