Meetings

Development Bank of Wales

This page gives details of any meetings held which will, or did, discuss the matter, and includes links to the relevant Papers, Agendas and Minutes.

Note: Meeting Agenda can change at short notice. Particularly where future meeting dates are indicated more than a week in advance. Please check before planning to attend a Committee Meeting that the item you are interested in has not been moved.

 

 

Meeting: 05/02/2026 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Economy, Trade and Rural Affairs Committee report: Development Bank of Wales

Supporting documents:

Meeting: 24/09/2025 - Economy, Trade, and Rural Affairs Committee (Item 4)

4 Development Bank of Wales

Supporting documents:

Meeting: 02/07/2025 - Economy, Trade, and Rural Affairs Committee (Item 3)

3 Development Bank of Wales: Independent review

Supporting documents:

Meeting: 27/11/2024 - Plenary (Item 6)

Debate on the Economy, Trade and Rural Affairs Committee report - Development Bank of Wales

NDM8746 Paul Davies (Preseli Pembrokeshire)

To propose that the Senedd:

Notes the report of the Economy, Trade and Rural Affairs Committee on the Development Bank of Wales, which was laid in the Table Office on 12 July 2024, and on which the Welsh Government laid its response on 20 November 2024. The Development Bank of Wales responded on 4 September 2024, followed by an updated response on 29 October 2024.

Minutes:

The item started at 15.23

NDM8746 Paul Davies (Preseli Pembrokeshire)

To propose that the Senedd:

Notes the report of the Economy, Trade and Rural Affairs Committee on the Development Bank of Wales, which was laid in the Table Office on 12 July 2024, and on which the Welsh Government laid its response on 20 November 2024. The Development Bank of Wales responded on 4 September 2024, followed by an updated response on 29 October 2024.

The motion was agreed in accordance with Standing Order 12.36.

 

Meeting: 18/09/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales inquiry

Supporting documents:

Meeting: 26/06/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales inquiry

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Meeting: 13/06/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales inquiry: Response to the submission from Mr Andrew Ling

Supporting documents:

Meeting: 13/06/2024 - Economy, Trade, and Rural Affairs Committee (Item 9)

9 Development Bank of Wales: Consider key issues

Supporting documents:

  • Key issues paper

Minutes:

9.1     The Committee considered the key issues paper.

Meeting: 22/05/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales inquiry

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Meeting: 09/05/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales inquiry

Supporting documents:

Meeting: 09/05/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales

Supporting documents:

Meeting: 09/05/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 The Scottish National Investment Bank

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Meeting: 24/04/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales inquiry: Follow up to evidence session on 21 March 2024

Supporting documents:

Meeting: 24/04/2024 - Economy, Trade, and Rural Affairs Committee (Item 4)

4 Development Bank of Wales inquiry: Panel 5 - Cabinet Secretary for Economy, Energy and Welsh Language

Jeremy Miles MS, Cabinet Secretary for Economy, Energy and Welsh Language, Welsh Government

Duncan Hamer, Director, Operations – Business and Regions, Welsh Government

Jo Banks, Head of Access to Finance and DBW Partnership Team, Welsh Government

Supporting documents:

Minutes:

4.1     The Committee heard evidence from the Cabinet Secretary for Economy, Energy and Welsh language.

Meeting: 24/04/2024 - Economy, Trade, and Rural Affairs Committee (Item 3)

3 Development Bank of Wales inquiry: Panel 4 - Development Bank of Wales

Gareth Bullock, Chair, Development Bank of Wales

Giles Thorley, Chief Executive Officer, Development Bank of Wales

Mike Owen, Group Investment Director, Development Bank of Wales

Rhian Elston, Wales Investment Director, Development Bank of Wales

Supporting documents:

Minutes:

3.1     The Committee heard evidence from the panel on the development bank of Wales.

3.2     The Committee agreed to write to the panel with the questions not reached on equity investments:

 

-       What guidance is given to businesses in order for them to understand everything involved with an equity investment?

 

-       Does the Development Bank ever appoint the same Investor Director to sit on the boards of multiple companies that the Development Bank has invested in?

 

-       What degree of control does the Development Bank have on the way an Investor Director operates and the decisions they take once appointed?

Meeting: 21/03/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales

Supporting documents:

Meeting: 21/03/2024 - Economy, Trade, and Rural Affairs Committee (Item 6)

Development Bank of Wales inquiry - Panel 4 - Global Perspective

Karen Kastner, Vice President, Strategy, Prioritization and Shareholder Relations, Business Development Bank of Canada

 

 

Minutes:

6.1    The Committee heard evidence from the panel on the development bank of Wales.

Meeting: 21/03/2024 - Economy, Trade, and Rural Affairs Committee (Item 3)

3 Development Bank of Wales inquiry: Panel 3 - Global Perspective

Mike Wedderspoon, Director for Strategic Engagement and Delivery, Scottish National Investment Bank

David Ritchie, Executive Director for Partnerships and Engagement, Scottish National Investment Bank

 

 

 

Supporting documents:

  • Research brief

Minutes:

3.1    The Committee heard evidence from the panel on the development bank of Wales.

Meeting: 22/02/2024 - Economy, Trade, and Rural Affairs Committee (Item 5)

5 Development Bank of Wales inquiry: Panel 2 - Welsh Business Perspective

Ben Cottam, Head of Wales, Federation of Small Businesses Wales (FSB)

Paul Butterworth, Chief Executive Officer, Chambers Wales

 

Link to consultation page containing all the responses received:
Development Bank of Wales inquiry

Supporting documents:

Minutes:

5.1    The Committee heard evidence from the Federation of Small Businesses Wales on the Development Bank of Wales.

Meeting: 31/01/2024 - Economy, Trade, and Rural Affairs Committee (Item 3)

3 Development Bank of Wales inquiry: Panel 1 - Welsh Perspective

Professor Dylan Jones-Evans

Tegid Roberts

Supporting documents:

  • Research brief

Minutes:

3.1     The Committee heard evidence from the panel on the Development Bank of Wales.

3.2     Professor Dylan Jones-Evans agreed to write to the Committee with additional information regarding the Development Bank of Wales

Meeting: 31/01/2024 - Economy, Trade, and Rural Affairs Committee (Item 2)

2 Development Bank of Wales inquiry

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