Risks to Public Finances

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:07 pm on 13 January 2021.

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Photo of Rebecca Evans Rebecca Evans Labour 2:07, 13 January 2021

Thank you for raising the question, and happy new year to you too. I have looked into this, because I was interested in the question that you raised with the First Minister previously. At present, there is only one deal—and that's of the entire £122 million that has been invested—where the repayment of the loan is reliant on the sale of a commercial development within a project. So, I think that we can be confident that this isn't a pressing issue at the moment. Obviously, officials are in regular communication with the DBW. They are confident, and they reassure myself and Ken Skates, whose department the DBW sits in, that the DBW is taking a prudent approach to investment in these uncertain times, particularly in terms of the maximum loan-to-value rate available for investment as well. But, we have received assurances that what has been undertaken is absolutely appropriate.