The Development Bank of Wales

Part of 1. Questions to the Minister for Economy and Transport – in the Senedd at 2:01 pm on 13 February 2019.

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Photo of Ken Skates Ken Skates Labour 2:01, 13 February 2019

Well, since the launch in October 2017, the Member will be aware of various new funds that have been announced. There was the Wales flexible investment fund, which is a massive boost—a £130 million boost. Then, in May, I launched Angels Invest Wales, which is the Development Bank of Wales's new business angel network. And alongside this, I launched the new £8 million Wales angel co-investment fund. I think the point that the Member raises about the proportion of money that is raised through financial transaction capital can be answered. I will write to the Member and provide a copy of the statement to all Members in the Chamber.FootnoteLink