Agenda and minutes

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Contact: Fay Buckle 

Media

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Items
Note No. Item

(13.00-13.40)

1.

Regeneration Investment Fund for Wales: Briefing from the Wales Audit Office

PAC(4)-26-15 Paper 1 – Letter from the Auditor General for Wales (6 October 2015)

 

Supporting documents:

Minutes:

1.1 The Members received a briefing from the Auditor General for Wales.

(13.50-14.30)

2.

Regeneration Investment Fund for Wales: Briefing session with the Welsh Government

Owen Evans – Deputy Permanent Secretary, Education and Public Services Group, Welsh Government

John Howells – Director, Housing and Regeneration, Welsh Government

Richard Baker – Acting Joint Head of Property Division, Welsh Government

Minutes:

2.1 The Committee received a briefing from the Welsh Government and discussed the scope of the inquiry with them.

Transcript

View the meeting transcript (PDF 415KB) View as HTML (525KB)

(14.30)

3.

Introductions, apologies and substitutions

Minutes:

3.1 The Chair welcomed the Members to the meeting. The Chair that he was pleased that the Public Accounts Committee was able to participate in the #SeneddSwansea week and thanked the staff at the National Waterfront Museum for their assistance in hosting the meeting.

3.2 Apologies were received from Mohammad Asghar. Andrew R T Davies substituted.

3.3 Jocelyn Davies excluded herself under Standing Order 18.8. Alun Ffred Jones substituted.

3.4 Members made the following declarations:

Darren Millar

Two parcels of land in the portfolio are located in his constituency

Alun Ffred Jones

Land at Goetre Uchaf farm, Bangor located in his constituency

Julie Morgan

Land at Lisvane located in her constituency

Jenny Rathbone

Chair of the Programme Monitoring Committee

Andrew R T Davies

Various parcels of land located in his electoral area

Aled Roberts

Various parcels of land located in his electoral area.

Acquainted with Councillor Chris Holley and Ceri Breeze from his previous role as Leader of Wrexham County Borough Council

Mike Hedges

Acquainted with Councillor Chris Holley from his previous role as Leader of City and County of Swansea Council

 

(14.35 - 15.35)

4.

Regeneration Investment Fund for Wales: Evidence Session 1

PAC(4)-26-15 Paper 2 – Welsh Government Response to the AGW Report (7 September 2015)

PAC(4)-26-15 Paper 3 – Letter from the Permanent Secretary (23 July 2015)

Research Briefing

 

Owen Evans – Deputy Permanent Secretary, Education and Public Services Group, Welsh Government

John Howells – Director, Housing and Regeneration, Welsh Government

Richard Baker – Acting Joint Head of Property Division, Welsh Government

 

Supporting documents:

Minutes:

4.1 The Committee scrutinised Welsh Government officials who are currently responsible for the Regeneration Investment Fund for Wales, questioning Owen Evans, Deputy Permanent Secretary, Education and Public Services Group, John Howells, Director, Housing and Regeneration and Richard Baker, Acting Joint Head of Property Division.

4.2 Owen Evans agreed to send further information on the following:

·       Copy of the valuation report produced for the Welsh Government by King Sturge (now Jones Lang LaSalle);

·       How the assets that went into the portfolio transferred to RIFW were selected, together with details of any previous Welsh Government marketing of the assets in the RIFW land portfolio and a copy of the minutes of the meeting at which the portfolio selection was agreed;

·       The consideration that the Welsh Government gives to the implications for the UK Exchequer of future tax revenues when entering into commercial transactions with off-shore entities ;

·       Clarification of the legal status of the Welsh Government’s relationships and contract with Amber Infrastructure Ltd (as a fellow LLP Member, and as the RIFW Fund Manager), and the Welsh Government’s legal advice on the potential impacts of any Welsh Government decision to terminate the contract.

 

(15.50 - 16.50)

5.

Regeneration Investment Fund for Wales: Evidence Session 2

PAC(4)-26-16 Paper 4 - Paper from Former RIFW Board Members

Research Briefing

 

Former RIFW Board Members

Richard Anning

Ceri Breeze

Richard Harris

Chris Holley

Supporting documents:

Minutes:

5.1 The Committee scrutinised four former Regeneration Investment Fund for Wales Board Members who were each appointed to the Board by the Welsh Government. They questioned:

·       Ceri Breeze: Board member from March 2010, appointed as Chair in October 2011  resigned in October 2013;

·       Richard Anning: Board member from December 2010, resigned in October 2013;

·       Councillor Christopher Holley: Board member from November 2010, resigned in October 2013; and

·       Richard Harries: Board member from July 2012, resigned June 2013

 

5.2 The Chair advised that Jonathan Geen, a further former RIFW Board members, had declined the invitation to attend this session due to a conflict of interest.

5.3 The former RIFW Board Members agreed to review and send any comments they may have on the market valuations undertaken by Savills (January 2012) and the  District Valuer’s report of July 2015.

(16.50)

6.

Motion under Standing Order 17.42 to resolve to exclude the public from the meeting for the following business:

Item 7

Minutes:

6.1 The motion was agreed.

(16.50 - 17.00)

7.

Regeneration Investment Fund for Wales: Consideration of evidence received

Minutes:

7.1 Members considered the evidence received.