, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
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?
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
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…
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
Okay. Thank you very much, Chair.
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
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?…
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
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.]
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
That's what I mean—
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
Okay.
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
How do we measure that?
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
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…
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
—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…
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
Yes, the snapshot. So, could you give us the updated figures please—
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
But the current value, though, individually. I don't think that's in the evidence paper, is it?
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
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…
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
Obviously, we've got the Development Bank of Wales, we've got the team there, but—.
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
So, in terms of my question as to do we have the skills, you would say what?
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
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…
, Public Accounts and Public Administration Committee
Life Sciences Investment Fund
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…
, Public Accounts and Public Administration Committee
Papers to Note
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…
, Public Accounts and Public Administration Committee
Papers to Note
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…
, Plenary
Questions to the Minister for Education and the Welsh Language
Minister, we know that people's employment journey will be varied and will require adaptability and flexibility to reskill increasingly throughout working lives. More so than ever, as we see major companies now disinvesting or folding across Great Britain due…
, Plenary
Questions to the Minister for Education and the Welsh Language
So, thank you all very much.
, Plenary
Questions to the Minister for Education and the Welsh Language
Diolch, Minister. Last week was Adult Learners' Week 2023, and Adult Learners' Week is an annual campaign co-ordinated in partnership with the Welsh Government that aims to connect people to a wide range of learning opportunities and demonstrate the benefits…
, Plenary
Questions to the Minister for Education and the Welsh Language
6. What is the Welsh Government doing to support adult community learning in Islwyn? OQ59964
, Plenary
Welsh Conservatives Debate: The health budget
Thank you. In regard to standing up for Wales, do you not understand that there is any agency for you to be able to petition the UK Government to say that we don't have enough money coming into Wales? Is that not part of your mandate?
, Plenary
Welsh Conservatives Debate: The health budget
Will you take an intervention?
