Financial Support for Businesses

Part of 1. Questions to the First Minister – in the Senedd at 10:44 am on 15 July 2020.

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Photo of Mark Drakeford Mark Drakeford Labour 10:44, 15 July 2020

What they said was that the processes didn't guarantee that value for money had been achieved, and we've improved those processes since. What they didn't say was that the schemes that were funded weren't value for money, because they never looked at the schemes at all, they simply looked at the process by which the schemes were funded. Quite a number of the schemes that they looked at have gone on to be award-winning schemes here in Wales, and beyond Wales as well. So, the report never said at all that the schemes themselves did not deliver value for money, they simply said that the process by which they were funded didn't give you a guarantee that the money had been spent in that way, and that's something we do need to attend to. Our focus, Llywydd, as well as learning lessons, is on trying to make sure that we have equivalent funding in the future to go on making those investments in the rural economy that the RDP has allowed us to make. And we're nowhere near having those guarantees from the UK Government, and it's not long now before that funding begins to run out.