Enabling Firms to Remain in Welsh Ownership

Part of 1. Questions to the Cabinet Secretary for Economy and Transport – in the Senedd at 2:06 pm on 28 November 2018.

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Photo of Ken Skates Ken Skates Labour 2:06, 28 November 2018

I'm not necessarily advocating that we make it harder for a business to be sold. My concern is the attitude towards business growth, which is very different here in the UK compared to economies such as Germany and Denmark, where there is an attitude amongst many business leaders and business owners that crosses generations, rather than simply crossing five-year plans. I think what's essential is that businesses are given the right financial support and the right management support in order to plan for succession. That's precisely what Business Wales and the development bank, between the two, are trying to do.