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).