5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
We're very short of time. A short, a very quick question from Rhianon Passmore.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Thank you. Do you want to pick up your questions, Natasha?
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
I'll just bring Rhianon Passmore in before—.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Natasha Asghar, I'll bring you in.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Because, again, in my previous career, I did spend a period in corporate finance—and, obviously, you're not a bank, you're a Government, or officials in a Government—but nonetheless, we certainly wouldn't be looking to lend these sorts of sums of money to a…
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Yes, one of the other Green Man companies.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
I think we understood that already; it's a question of whether it's 'an' offshoot festival site, not the main festival site. What would it mean for any perspective lease agreements and the future of the Green Man brand in Wales if one of the other companies…
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
I think 'a' festival site, not 'the' festival site.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Although, it was in the press, in correspondence from the chief officer in Green Man and the new company to the then leader of the county council, which was published widely in the Welsh media, stating that that was the intention from the outset, and the…
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Sorry?
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
If I remember correctly, the Welsh Government has previously stated that it hadn't been agreed that there would be a festival on this site; it was the future usage—
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Are you suggesting that Cwningar Ltd will wind up at some point, like the structures you've just referred to?
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Okay. If I recollect correctly, and then colleagues will develop this later, at these initial stages, when the initial purchase went through, Welsh Government, as has been previously stated, hadn't agreed what the land would be used for. There hadn't been…
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Okay. How do you understand the current and proposed future relationship between the various companies associated with the Green Man Group, and how will this new company fit into that?
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Sorry?
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Well, my question was specific to the company structure and finances, not whether this complied with Welsh Government policy, et cetera, because, of course, it's a new company with no trading record. Is it underwritten by its parent company or the source…
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Thank you very much indeed. In terms of the new company structure and overall finances, how was your due diligence work undertaken? What assurances did you seek and obtain, looking at the company structure and overall finances? And, specifically, what…
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Adam Price.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Before I bring in Adam Price, could I just ask: isn't that designed to protect them from risk rather than you?
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
That's a bit better, yes, thank you.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Sorry, you've gone very quiet again.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
Okay. Well, if I can develop some of the themes, and then colleagues will pick those up. Of course, it's not Green Man directly we're talking about. Green Man formed in February a new company for the purpose of this venture, called Cwningar Ltd. Does it…
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
We'll be covering a lot of this in our questions. I think Mike Hedges has got a brief question for you now.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
That's a bit better, yes, thank you.
5 Gorffennaf 2023 , Public Accounts and Public Administration Committee
Fferm Gilestone: Sesiwn dystiolaeth gyda Llywodraeth Cymru
We can't hear you, Andrew, sorry.