Part of 4. Questions to the Minister for Finance and Trefnydd – in the Senedd at 1:05 pm on 1 July 2020.
So, we're grateful to Audit Wales for the report to which you refer, and I know that officials will be coming to the Public Accounts Committee in respect of that report and the assessment there of value for money through the RDP, and I think that's the best place to have those detailed and forensic discussions. But it is important to recognise that, as part of our ongoing review of the delivery of the RDP, officials had already identified the issues described in the Audit Wales report and had taken action to remedy them. And, as the report makes clear, the issue of value for money wasn't tested in the appraisal of those projects, so the projects concerned were reviewed to ensure that they did deliver value for money, and, where appropriate, action was taken to ensure that they did achieve value for money, including retendering some of those projects. But of course, since then, as I say, we have identified those issues; we've learned.
So, new guidance has been issued to policy makers, called 'Value for Money in Challenging Times: Key Economic Principles', and that sets out those key economic principles that, if followed, can deliver good value for money. Also, a revised finance notice, 'Making the Most of Welsh Government Funds', was also published, and that provides policy colleagues with the advice that they need to ensure that there is a much greater focus on value for money. And work is also ongoing on developing a value-for-money module into the compulsory core finance training for Welsh Government senior civil servants and, into the future, the roll-out of equivalent training for executive band staff. So, we're ensuring that value for money is well understood and well practised by the civil service.