Concise Minutes - Economy, Infrastructure and Skills Committee

Meeting Venue:

Committee Room 1 - Senedd

Meeting date: Wednesday, 25 October 2017

Meeting time: 09.30 - 11.45
This meeting can be viewed
on Senedd TV at:
http://senedd.tv/en/4389

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Attendance

Category

Names

Assembly Members:

Russell George AM (Chair)

Hannah Blythyn AM

Hefin David AM

Vikki Howells AM

Mark Isherwood AM

Jeremy Miles AM

Adam Price AM

David J Rowlands AM

Witnesses:

Giles Thorley, Finance Wales

Gareth Bullock, Finance Wales

Michael Owen, Finance Wales

Kevin O’Leary, Finance Wales

Committee Staff:

Gareth Price (Clerk)

Robert Lloyd-Williams (Deputy Clerk)

Ben Stokes (Researcher)

 

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Transcript

View the meeting transcript (PDF 512KB) View as HTML (204KB)

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1       Introductions, apologies, substitutions and declarations of interest

1.1 There were no apologies, substitutions and declarations of interest

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2       Finance Wales scrutiny

2.1 Giles Thorley, Gareth Bullock, Kevin O’Leary and Michael Owen answered questions from Committee Members

2.2 Giles Thorley agreed to provide further details to the Committee on the 6 profitable exits, while the ‘Explanatory Note on Accounts’ provided by Finance Wales to the Committee refers to 8 exits.

2.3 What the number of total funds written off were and in particular for each of the last 4 years

2.4 Further details on how they monitor the risk profile of the investments.

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3       Paper(s) to note

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3.1   Correspondence from the Auditor General for Wales regarding the Rail Franchise and South Wales Metro

3.2 The correspondence was noted by the Committee

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4       Motion under Standing Order 17.42 to resolve to exclude the public from the remainder of the meeting

4.1 The Committee agreed the motion

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5       Draft forward work programme - Spring 2018

5.1 The Committee discussed the work programme

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