Inquiry into the Welsh Government’s capital funding sources
The Finance Committee undertook an inquiry into the Welsh Government’s capital funding sources.
Terms of reference
- To consider all funding models available to the Welsh Government:
- conventional funding (including financial transactions capital);
- government loans (including borrowing limits);
- government bonds;
- role of capital receipts;
- borrowing powers of Welsh Government bodies; and
- the Mutual Investment Model.
- To consider the financial risks and costs of borrowing for different funding models or for specific models.
- To look at how funding sources could be used to deliver an effective capital funding strategy.
- To consider whether the Mutual Investment Model represents value for money.
- To compare the Mutual Investment Model costs to other Public Private Partnerships models.
The Committee published its report (PDF, 1009KB) on this inquiry in November 2019. The Welsh Government responded to the Committee’s report on 8 January 2020 (PDF, 463KB).
Date, Agenda and Minutes |
Transcript |
Video |
|
1. Hodge Foundation and University College
London Gerald Holtham, Hodge Professor of Regional Economics Dr Stanimira Milcheva, Associate Professor in
Real Estate and Infrastructure Finance, University College London |
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2. Scottish Future Trusts Peter Reekie, Chief Executive, Scottish Future Trusts |
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3. Tirion Group and Local Partnerships David Ward, Chief Executive, Tirion Homes Howel Jones, Corporate Director, Programmes and Project, Local Partnerships Rosie Pearson, Corporate Director Business Development, and Programme Director PPP & PFI, Local Partnerships |
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4. KPMG and Capital Law Gwyn Llewelyn, Director, Infrastructure Advisory, KPMG Stuart Pearson, Senior Associate - Construction, Energy and Projects, Capital Law |
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5.
Welsh
Local Government Association and Carmarthenshire County Council |
|
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6.
Deloitte
and CIPFA |
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7.
National
Audit Office |
(private) |
(private) |
|
8.
Minister
for Finance and Trefnydd |
Business type: Committee Inquiry
Reason considered: Senedd Business;
Status: Complete
First published: 07/03/2019
Documents
- Letter from the Chief Secretary to the Treasury - 6 June 2019
PDF 191 KB
- Letter from the Chair of the Public Accounts Committee - 14 May 2019
PDF 638 KB
- Letter to the Chief Secretary of the Treasury - 3 May 2019
PDF 147 KB
- Letter to the Rt Hon Alun Cairns MP, Secretary of State for Wales - 3 May 2019
PDF 151 KB
- Letter from the Rt Hon Alun Cairns MP, Secretary of State for Wales - 10 April 2019
PDF 513 KB
- Letter from the Chief Secretary to the Treasury - 2 April 2019
PDF 160 KB
- Letter to the Chair of the Economy, Infrastructure and Skills Committee - 7 January 2019
PDF 258 KB View as HTML (7) 17 KB
- Letter from the Chair of the Economy, Infrastructure and Skills Committee - 18 October 2018
PDF 159 KB View as HTML (8) 20 KB
- Written evidence: Welsh Local Government Association
PDF 221 KB View as HTML (9) 14 KB
- Written evidence: National Audit Office
PDF 162 KB
- Written evidence: Minister for Finance and Trefnydd
PDF 414 KB
- Report: Inquiry into the Welsh Government’s capital funding sources (PDF, 1MB)
- Welsh Government response (PDF, 463KB)
Consultations