1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
Okay. And is that a similar ratio for the previous—?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
And what is that current split?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
—in terms of those jobs. And in terms of the split between jobs created and jobs safeguarded, the ratio of that split is also rather important, isn't it?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
Again, I understand that, but if you're set a target, you've got to try and do your best to achieve it, don't you? So, when you exclude the COVID-related business, if you like, you've still fallen short, haven't you—
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
Is that right?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
Can I just turn to one of the other targets? That was for 20,000 jobs created or safeguarded. That, again, is another one that you appear to have fallen short by. How many jobs have actually been created or safeguarded?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
—and they're comfortable with shifting the dial, as it were, in order to respond to the current market conditions, yes?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
So, you've had that dialogue with the Welsh Government—
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
But this is an overall global target that you've got. It's not part of what you do, so you've got to get to the 1:1.15, haven't you? You've got to strain every muscle to aim for the target that you've been set by the Government.
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
So, what are you doing to get there?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
But obviously that is still your target, right, the 1:1.15 ratio?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
But, obviously, that explosion in the growth in the market and property prices has been relatively recent, hasn't it? So, has your investment strategy changed over the five years since your establishment?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
So, it's the emphasis on property investment, you think—
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
Thank you very much for those opening remarks. We do recognise, I think, many of the successes that the development bank has enjoyed over the past five years. But, of course, they've also got to be measured against the Welsh Government's own targets that were…
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
No, no. The microphone's working.
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Craffu blynyddol – Banc Datblygu Cymru
Welcome back to the Economy, Trade, and Rural Affairs Committee. We're now moving on to item 4, our annual scrutiny session with the Development Bank of Wales. And I'm very pleased to be able to welcome to our meeting today: Gareth Bullock, the chair of the…
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
You've given us some food for thought, and hopefully, we've given you some as well. And, obviously, you will receive, as I said earlier, a copy of the transcript, so that you can correct anything in there. The committee will now take a short break until…
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
You're certainly helping me work up an appetite. [Laughter.] We all take a great interest in food—me probably more than others around the table. But, Minister, I think we'll close the evidence session, unless there are any further questions from Members, on…
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
But you certainly accept that the Welsh Government's got to do a better job of communicating what it's doing around food, and how it's impacting on all parts of the Welsh Government, all departments, and in terms of everybody working in the same direction…
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
Yes, but is this one of the reasons why people have a different perception, perhaps?
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
Because I was amazed when I saw all of the detail, bringing it together in one place. That's never been done before, as far as I understand, even within some of the work that's been taking place with the strategic vision.
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
And, obviously, we are grateful for the letter you sent yesterday, which does detail a lot of the work that's going on across Government. I think this is the first time I've seen a document that brings all of that work together. So, isn't that another example…
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
One of the things that you told the Legislation, Justice and Constitution Committee was that one thing that you could consider, potentially—and we appreciate that you don't see the merits of a food commission—is an internal Welsh Government board to oversee…
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
I'm not Peter Fox so it's not for me to say, but Peter wants this overarching national strategy, which would have a framework on which action could be taken to address these sorts of issues.
1 Mawrth 2023 , Economy, Trade, and Rural Affairs Committee
Bil Bwyd (Cymru): Sesiwn dystiolaeth 7
But these are two other obvious ones, aren't they?
