27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
That's what I'm asking you—how do we better manage it, and, really, outside of that better management, my question, really, is is it possible to put safeguards and protections on this. And I think it's not; it is about management of that, isn't it?
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Thank you very much. Some of the points have already been touched upon, but I think it's absolutely the crux of the matter. I mean, look, I think it's been said, and I don't think we've said it enough, we need to make Wales a centre for life sciences, and we…
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Okay. Thank you very much, Chair.
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Thank you. A final question from me. I think you've already answered this, but I'll ask it anyway so that it's clear, and this is what we want—that clarity. Did the fund secure any return from these three investments in the form of dividend or interest?…
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
You just said there that we might get money back. I'm not interested in that. I'm interested in whether it will come back to us for further—[Inaudible.]
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
That's what I mean—
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Okay.
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
How do we measure that?
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Okay. I just suppose, from this committee's perspective, in terms of public purse and our mandate, it is that sense of trying to get reassurance that we're having all of the information that we need to keep track of what is happening, and to do that there has…
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
—because the difficulty is that it's volatile and constantly moving, and it's very difficult to get the up-to-date understanding, isn't it? Okay. So, control and influence with these transferred investments—what representation is there on the boards of…
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Yes, the snapshot. So, could you give us the updated figures please—
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
But the current value, though, individually. I don't think that's in the evidence paper, is it?
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Okay. Thank you. I'm going to move on. In terms of the ongoing costs with the four investments that have been transferred, what is their legal form and what is their current value individually? If you don't have that at hand, you can write to us. I'm sure…
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Obviously, we've got the Development Bank of Wales, we've got the team there, but—.
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
So, in terms of my question as to do we have the skills, you would say what?
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Okay. That brings me on to a second question, which I'll put in after this next one. There's been a reduction in value, hasn't there, obviously, as you've articulated, of the transferred investments. You've already touched upon lessons learned; how is that…
27 Medi 2023 , Public Accounts and Public Administration Committee
Cronfa Fuddsoddi Gwyddorau Bywyd Cymru
Thanks, Chair. In regard to the ongoing developments and costs, the Minister's July statement put the overall value of the four investments transferred to the development bank—I'm talking about the transfers—at £2.5 million, and the other paper suggests £1.8…
27 Medi 2023 , Public Accounts and Public Administration Committee
Papurau i'w nodi
No, no, it's a new hand. If I may, Chair, in regard, obviously, to the deep and entrenched situation that we have and, obviously, the mitigations that are taking place around Betsi, it's just a simple question for reassurance in a sense, also from the board's…
27 Medi 2023 , Public Accounts and Public Administration Committee
Papurau i'w nodi
I believe I'm unmuting myself, so I've just unmuted—apologies if somebody else has. It's just, again, I will underscore my concern in terms of approaches from any type of lobby group, because we have to get a fair picture. I think the points that have been…
27 Medi 2023 , Cyfarfod Llawn
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27 Medi 2023 , Cyfarfod Llawn
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27 Medi 2023 , Cyfarfod Llawn
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