Part of 2. Questions to the Cabinet Secretary for Finance – in the Senedd at 3:04 pm on 14 February 2018.
Well, the loan aspect, if I'm understanding the Member's question correctly, will be borne by the local authority, because prudential borrowing was always part of the contribution that local authorities were to make to the deal. When the deal was struck, and the financials of it were very carefully scrutinised both by the Welsh Government and by the UK Government, the ability of local authorities to support the contribution that they are committed to making to the deal was carefully examined. I remain, as I know she does, very keen to move into the phase where the money that I have set aside, and the money I know the UK Government has set aside, can be released, both to support the Pembroke Dock marine project, but also the other 10 projects that are in the deal. Local authorities must make sure that they are in a position to deliver on the funding aspect to which they made a commitment when the deal was signed.