, Finance Committee
Financial Transactions Capital: Evidence session 2
Was that more legal problems, or was it—? Two-and-a-half years is a rather long time to be involved. What were the barriers? Was it from the lender or was it more of the—?
, Finance Committee
Financial Transactions Capital: Evidence session 2
Okay, thank you very much. I'll bring Peter Fox in, please. There we are, Peter.
, Finance Committee
Financial Transactions Capital: Evidence session 2
So, the payback term on that loan from the Government is quite short, then, is it, or—?
, Finance Committee
Financial Transactions Capital: Evidence session 2
Okay. And then, I'm interested, with fair funding—. It's a little bit different, as you said, isn't it, Kate, with—. You had the guarantee as well as—. There's a bit of matching stuff together, then, for you. So, what was that process like, and what sort of…
, Finance Committee
Financial Transactions Capital: Evidence session 2
And that was directly with the department.
, Finance Committee
Financial Transactions Capital: Evidence session 2
Similar sort of—?
, Finance Committee
Financial Transactions Capital: Evidence session 2
So, it wasn't badged up as anything.
, Finance Committee
Financial Transactions Capital: Evidence session 2
No, you just—. The bank had money, and then you had to go through their normal application process.
, Finance Committee
Financial Transactions Capital: Evidence session 2
That you'd go through with any high-street bank, or any other—
, Finance Committee
Financial Transactions Capital: Evidence session 2
Thank you. Great, okay. So, when you were applying for funding in different ways, either through the development bank or directly with Government, what sort of guidance had you had regarding the sort of application, or those conversations to understand what…
, Finance Committee
Financial Transactions Capital: Evidence session 2
And Charlotte is an official within the Welsh Government.
, Finance Committee
Financial Transactions Capital: Evidence session 2
Thank you. And Kate, what's been your experience?
, Finance Committee
Financial Transactions Capital: Evidence session 2
Richard, do you have any thoughts?
, Finance Committee
Financial Transactions Capital: Evidence session 2
You could have asked them; they were just here. [Laughter.]
, Finance Committee
Financial Transactions Capital: Evidence session 2
Fantastic. Thank you so much for coming. Obviously, there will be a transcript of this for you at the end, just to check that we've captured this correctly. Thank you, all, for the written evidence that we've received from you; it's been helpful in forming…
, Finance Committee
Financial Transactions Capital: Evidence session 2
I'd just like to welcome our witnesses here—we've got one on screen and two in the room. Would you be kind enough to give your names and who you're representing here today? I'm going to start with Richard.
, Finance Committee
Financial Transactions Capital: Evidence session 2
Welcome back to the second session of this morning with our witnesses.
, Finance Committee
Financial Transactions Capital: Evidence session 1
Thank you very much. We've gone over time, but I appreciate you coming in, and I appreciate your candour and your answers this morning. There will be a transcript available for you to check for accuracy, and if some of those figures that you suggested need…
, Finance Committee
Financial Transactions Capital: Evidence session 1
Mike, I'll bring you in now.
, Finance Committee
Financial Transactions Capital: Evidence session 1
And what about criminal convictions?
, Finance Committee
Financial Transactions Capital: Evidence session 1
I think we've got time for one more question, Mike, and then we'll have to wrap this—. Sorry, Rhianon's got her hand up, so I'll bring Rhianon in very quickly.
, Finance Committee
Financial Transactions Capital: Evidence session 1
But I assume your targets would be for those funds, on average, to overachieve so that you cover your overhead and the costs and things. But it's managing the risks, so it's finding that blended average across, then.
, Finance Committee
Financial Transactions Capital: Evidence session 1
I'll bring Mike in for a couple of final questions. Thank you, Mike.
, Finance Committee
Financial Transactions Capital: Evidence session 1
I'm conscious of the time and if you're okay to stay a few minutes longer, then that would be great, and then we'll get through some questions. Sorry, it's usually me talking to much, so I apologise to my colleagues, but there we are. I'll come back to Peter…
, Finance Committee
Financial Transactions Capital: Evidence session 1
But would they be getting bonuses and that sort of thing, or is it more of a salary-based type of thing? How does—
