The Financial Services Sector

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 1:58 pm on 17 March 2021.

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Photo of Rebecca Evans Rebecca Evans Labour 1:58, 17 March 2021

Well, without knowing any more than you've described about the Purple Shoots, I would suggest that a potential avenue to look at would be the Wales flexible investment fund, which is designed to invest and generate new money, including in financial and professional services investment. And that fund has been extended in value to £0.5 billion, with a further injection of £270 million, giving the fund the firepower to maintain investment over the next 10 years. So, in the first instance, I would suggest that Purple Shoots explores that. However, if you were to share with me the contact details of the organisation, then I would be very happy to ask a representative from Business Wales to explore their needs in more depth.