Agenda and minutes

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1.1 The Chair welcomed the Members to the meeting.

1.2 Apologies were received from Julie Morgan. David Rees substituted.

2.1 The paper was noted. Members agreed to include a recommendation in its Legacy Report, that the successor Committee considers undertaking an inquiry into this topic.

PAC(4)-09-16 Paper 1 – Welsh Government Response

PAC(4)-09-16 Paper 2 – Letter from the Auditor General for Wales

PAC(4)-09-16 Paper 3 – Letter from the Chair to the Deputy Minister for Skills and Technology

PAC(4)-09-16 Paper 4 - Further information from the Welsh Government

3.1 Members noted the responses and agreed to include a recommendation in the Committee’s Legacy Report that the successor Committee seeks a further update on progress made in autumn 2016.

3.2 The Chair agreed to write to the Welsh Government seeking further clarification on the complexity of installing Broadband (R1), an indication of the possible cost over and above the value of the vouchers on offer (R2), what ‘dynamic’ means with regards to the consumer (R8) and a description of how the website has been improved.

Research Briefing

James Price – Deputy Permanent Secretary - Economy, Skills and Natural Resources Group, Welsh Government

Gareth Bullock – Chair, Finance Wales plc

4.1 The Committee scrutinised James Price, Deputy Permanent Secretary, Economy, Skills and Natural Resources Group at the Welsh Government and Gareth Bullock, Chair, Finance Wales plc on Wales Life Science Investment Fund.

4.2 James Price agreed to:

·       Provide clarification of the selection panel’s composition, when the advisory panel appointments were made and the number of members appointed from outside Wales;

·       Raise within the Welsh Government, whether legal advice sought by the Welsh Government should be shared with arms-length bodies;

·       Confirm the level of grant funding offered to ReNeuron;

·       Clarify whether full minutes were taken at the WIDAB meetings of 18 June 2013 and 24 October 2013.  

4.3 Gareth Bullock agreed to provide further information regarding arrangement fees payable to Fund Managers from Investor Companies.

Item 6

5.1 The motion was agreed.

6.1 Due to time constraints, Members agreed to consider the evidence received in the meeting scheduled for 15 March 2016.