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Welsh Government Financial Support for Business

The Auditor General for Wales published his Report, Welsh Government Financial Support for Business on 29 November 2018.

Various parts of the Welsh Government provide different forms of financial and other support to businesses for a range of purposes. The Sectors and Business team within the Welsh Government’s Economy Skills and Natural Resources Group team administers much of the project finance that Welsh Government provides directly to individual businesses to create or safeguard jobs which is where the Auditor General focused the audit work during this study.

This review was prompted by previous Auditor General reports along with the National Assembly’s Public Accounts Committee and the media highlighting examples of projects that received Welsh Government financial support but did not deliver the intended benefits.

The Public Accounts Committee considered the Report in January 2019 and undertook an inquiry in the summer 2019 term. The Committee is currently preparing its Report which it is anticipated will be published by the end of 2019.




Evidence Session

Date, Agenda and Minutes



Scene setting session

Robert Lloyd Griffiths – Institute of Directors
Cerys Furlong – Chwarae Teg
Dylan Jones-Evans

Monday 13 May 2019

Read transcript of the Scene setting session

Watch the Scene setting session on Senedd TV

1.Development Bank of Wales

Giles Thorley – Chief Executive
Mike Owen – Group Investment Director
Rhian Elston – Investment Director

Monday 17 June 2019

Read transcript of Evidence Session 1

Watch Evidence Session 1 on Senedd TV

2. Federation of Small Businesses

Ben Cottam – Head of External Affairs
John Hurst – FSB Member

Monday 17 June 2019

Read transcript of Evidence Session 2

Watch Evidence Session 2 on SeneddTV

3. Welsh Government

Andrew Slade – Director General, Economy, Skills and Natural Resources
Sioned Evans – Director Business and Regions
Duncan Hamer – Deputy Director, Business

Monday 24 June 2019

Read transcript of Evidence Session 3

Watch Evidence Session 3 on SeneddTV


Business type: Other

First published: 29/11/2018




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