24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 5 - Ysgrifennydd y Cabinet dros yr Economi, Ynni a’r Gymraeg
Okay. I'll now bring in Luke Fletcher. Luke.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 5 - Ysgrifennydd y Cabinet dros yr Economi, Ynni a’r Gymraeg
And are you confident that this will be resolved in the very near future? Are we talking weeks, months—?
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 5 - Ysgrifennydd y Cabinet dros yr Economi, Ynni a’r Gymraeg
Can you tell us how the development bank's reclassification as 'central government' is likely to affect the way it operates in the future, and what difficulties do you think it presents to both the development bank and, indeed, to the Welsh Government, in…
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 5 - Ysgrifennydd y Cabinet dros yr Economi, Ynni a’r Gymraeg
So, it's wholly independent of Government.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 5 - Ysgrifennydd y Cabinet dros yr Economi, Ynni a’r Gymraeg
Thank you very much indeed for those introductions. Perhaps I can just kick off the session with a few questions. Of course, your department is responsible for the Development Bank of Wales. Perhaps you could tell us what your relationship is with the bank…
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 5 - Ysgrifennydd y Cabinet dros yr Economi, Ynni a’r Gymraeg
Croeso'n ôl i gyfarfod Pwyllgor yr Economi, Masnach a Materion Gwledig. Fe symudwn ni ymlaen nawr i eitem 4 ar ein hagenda, sef ein hymchwiliad i mewn i Fanc Datblygu Cymru. Dyma'r sesiwn dystiolaeth olaf ar gyfer ein hymchwiliad, a dyma'r tro cyntaf hefyd i…
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you very much for that. I'm afraid time has beaten us, so our session has come to an end, but thank you very much for being with us today. Your evidence will be very important for our inquiry. A copy of today's transcript will be sent to you in due…
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you, Jenny. Can I just very quickly come back to the issue of appointing investor directors? Can you just very, very briefly explain to us how are those people chosen and who decides on their remuneration?
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
I'll now bring in Jenny Rathbone. Jenny.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you, Hefin. I'll now bring back Luke Fletcher. Luke.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thanks, Sam. I'm very conscious of time, so if you could keep your answers pretty succinct, we've got a lot to get through. I'll now bring in Hefin David. Hefin.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you, Vikki. I'll now bring in Samuel Kurtz. Sam.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you. I'll now bring in Vikki Howells. Vikki.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you, Luke. Before I bring in Vikki Howells, Jenny Rathbone would like to come in very quickly.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you, Hefin. I'll now bring in Luke Fletcher. Luke.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you. I'll now bring in Hefin David. Hefin.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Okay. I've got a number of Members who'd like to come in on this. First, Samuel Kurtz, and then, Hefin David. Samuel Kurtz.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Okay, thank you for that. I know Jenny Rathbone would like to come in on this. Jenny.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Yes, by all means.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
But isn't that really a lender of last resort? If no other commercial bank will actually provide a loan to a business, then surely you're a lender of last resort, are you not?
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you for that response. Now, I'm sure you can understand that there will be people across Wales who are concerned that a company received a £400,000 loan and then, seemingly, had enough money to provide political donations. Now, my understanding is that…
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Thank you very much indeed for those introductions, and perhaps I can just kick off this session with a couple of questions. Now, of course, as a bank you are wholly owned by the Welsh Government. In light of the recent news reports around political donations…
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Banc Datblygu Cymru: Panel 4 - Banc Datblygu Cymru
Fe symudwn ni ymlaen, felly, at eitem 3, sef ymchwiliad i Fanc Datblygu Cymru, ac mae ein sesiynau tystiolaeth heddiw yn cloi'r broses ffurfiol o gasglu tystiolaeth ar gyfer ein hymchwiliad i Fanc Datblygu Cymru, ac, ar gyfer y sesiwn olaf ond un hon, mae'n…
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Papurau i’w nodi
Symudwn ni ymlaen, felly, at eitem 2, sef papurau i'w nodi. Mae yna nifer o bapurau i'w nodi. Oes yna unrhyw faterion yr hoffai Aelodau eu codi o'r papurau yma o gwbl? Na.
24 Ebrill 2024 , Economy, Trade, and Rural Affairs Committee
Cyflwyniadau, ymddiheuriadau, dirprwyon a datgan buddiannau
Croeso, bawb, i'r cyfarfod hwn o Bwyllgor yr Economi, Masnach a Materion Gwledig. Y peth cyntaf mae'n rhaid i mi ddweud heddiw yw bod aelodaeth ein pwyllgor ni wedi newid. Hoffwn longyfarch Buffy Williams ar gael ei hethol yn Gadeirydd y Pwyllgor Plant, Pobl…
