21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad i Fanc Datblygu Cymru: Panel 4 - Persbectif byd-eang
Okay. So, I suppose, then, it all depends on, essentially, what that mandate sets out, doesn't it? You talk about 1995, and the flexibility, of course, is the key part there, isn't it, because times change.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad i Fanc Datblygu Cymru: Panel 4 - Persbectif byd-eang
Would you say there have been any downsides at all?
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad i Fanc Datblygu Cymru: Panel 4 - Persbectif byd-eang
Diolch, Gadeirydd. Thank you for your time, Karen. One of the things we're talking about in Wales now in the context of the Welsh development bank is putting it on a legislative footing. That's been part of the evidence we've received so far in this inquiry…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 2 - Modelau perchnogaeth amgen
—I'll hand back to the Chair. Diolch yn fawr. Diolch.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 2 - Modelau perchnogaeth amgen
Great. Unless Benedict wants to add to that—
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 2 - Modelau perchnogaeth amgen
So, Cwmpas has been really clear that the Welsh Government has a real key role to play here in supporting Welsh supply chains and helping develop them. So, what actions specifically would you like to see the Welsh Government take in supporting those supply…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 2 - Modelau perchnogaeth amgen
If I could just touch on supply chains very briefly, and I'll come to Cwmpas, if that's okay.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 2 - Modelau perchnogaeth amgen
Yes, of course.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 2 - Modelau perchnogaeth amgen
I suppose it touches a lot on some of Vikki's questions previously on alternative models of ownership and trying to get that into the education system as well. I just think back to when I was in school and you'd have business as a subject. It was always…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 2 - Modelau perchnogaeth amgen
I suppose a lot of that's quite similar for Cwmpas as well, isn't it?
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 2 - Modelau perchnogaeth amgen
Diolch, Cadeirydd. In our last session, we asked questions around skills, and it seems like it has been a very long time of us discussing the shortages in the wider economy of skills across all sectors, really, and that's something I think Community Energy…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
Jess and then, finally, Tom.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
Felix.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
It would be remiss of me not to mention that, obviously, we have a new First Minister now, and in his manifesto he pledged to support that shift to net zero and to support that green economy. So, if I could just go to each of you and ask what you think should…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
Great. Thanks, Tom. I'm looking at the time, Chair, as I have just one final question.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
I'll come to Ben, and then I'll come to Tom, as I can see that Tom wants to come in. Ben.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
Great. Diolch. If I can—I'm just conscious of time—move to thinking about priorities for investment now within the wider green skills agenda, both RenewableUK Cymru and Net Zero Industry Wales have called on the Welsh Government to establish clean growth…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
So, all this means, essentially, long-term commitment to consistency in Government policy, doesn't it, because if there's a change in direction suddenly, colleges are going to find that very difficult to react to? Businesses will—. Ben.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
So, if you think of it as a triangle, we'd be talking about Government, business and then, say, FE colleges or the education sector, or both.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
So, in essence, we're talking about a system where constituent parts of that system simply aren't communicating regularly enough with each other.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad: Yr Economi Werdd - Panel 1 - Busnes ac ynni adnewyddadwy
Diolch, Gadeirydd. If I can focus on skills for a moment, I think, since my election in 2021, we've been talking about that sort of skills gap, skills shortage, not just within that particular transition in the net-zero area, but across all sectors. There's…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad i Fanc Datblygu Cymru: Panel 3 - Safbwynt byd-eang
Great. Diolch yn fawr. Thank you.
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad i Fanc Datblygu Cymru: Panel 3 - Safbwynt byd-eang
That's really helpful. Thank you. Just one final question, Chair. In the instance where a director has been appointed and represents the bank on that business's board, if there's a difference of opinion or a breakdown in relationship between that business and…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad i Fanc Datblygu Cymru: Panel 3 - Safbwynt byd-eang
Just for clarity on my end, then, it's optional for that business whether they take on that director on their board. Say, now, they didn't take that director on, does that mean that the equity investment wouldn't go ahead, or is it just completely optional…
21 Mawrth 2024 , Economy, Trade, and Rural Affairs Committee
Ymchwiliad i Fanc Datblygu Cymru: Panel 3 - Safbwynt byd-eang
Thinking about those directors, then, I think part of the investment strategy set out by the bank is that, if there was an equity investment taken out, there could be an expectation that an investment director would then sit on the board of that business. Am…
