Agenda and minutes

Venue: Committee Room 5 - Tŷ Hywel. View directions

Contact: Robert Donovan 

Media

Senedd.TV: View the webcast

Transcript: Transcript for 24/04/2024 - Economy, Trade, and Rural Affairs Committee

Items
Expected timing No. Item

(09.30)

1.

Introductions, apologies, substitutions, and declarations of interest

Minutes:

1.1        The Chair welcomed everyone to the meeting.

 

(09.30)

2.

Papers to note

Minutes:

2.1     The Committee noted the papers.

 

2.1

The Environment and Rural Affairs (Revocation and Consequential Provision) Regulations 2024

Supporting documents:

2.2

The Biocidal Products (Health and Safety) (Amendment and Transitional Provisions etc.) Regulations 2024

Supporting documents:

2.3

Drainage Districts

Supporting documents:

2.4

Future of Welsh Steel - Tata Steel UK

Supporting documents:

2.5

General Ministerial Scrutiny session - 6 March 2024: Follow up

Supporting documents:

2.6

Hybu Cig Cymru

Supporting documents:

2.7

Welsh Government Draft Budget

Supporting documents:

2.8

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

Supporting documents:

2.9

The Official Controls (Miscellaneous Amendments) Regulations 2024

Supporting documents:

(09.30-10.40)

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?

(10.50-12.00)

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.

(12.00)

5.

Motion under Standing Order 17.42(ix) to resolve to exclude the public from the remainder of the meeting

Minutes:

5.1     The Motion to exclude the public from the remainder of the meeting.

(12.00-12.10)

6.

Consideration of evidence following the meeting

Minutes:

6.1     The Committee considered the evidence received.

(12.10-12.25)

7.

Future of Welsh Steel: Key issues paper

Minutes:

7.1     The Committee considered the key issues paper.

(12.25-12.30)

8.

Budget Scrutiny Process

Minutes:

8.1     The Committee considered the item.