Development Bank of Wales

Inquiry2

The Economy, Trade, and Rural Affairs Committee has been set up by the Senedd to look at policy and legislation, and to hold the Welsh Government to account in specific areas. These areas include business, economic development, skills, international trade, agriculture, fisheries and food.

The Committee is undertaking an inquiry into the Development Bank of Wales.

Terms of Reference

In particular, the Committee is considering:

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>>>The overall performance of the Development Bank of Wales since it was established in 2017, including areas of success as well as any areas of under-performance.

>>>The extent to which the Development Bank has met the specific objectives as set out in The Development Bank of Wales – a strategic asset for a more prosperous Wales, published in July 2017 and in the ‘Term of Government remit letter’ for the Development Bank published in November 2021.

>>>Exploring examples of global best practice and to understand how the Development Bank of Wales compares with other similar sized development banks – in terms of scale of funds, types of support provided and impact etc.

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