18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And it sits there outside any other normal capital and revenue as well. It's a clear, straight, like-for-like sort of—
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Sorry, there's the second part of the question as well—of your question.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
It's just that the classification now means that it's hampered, in a way. What would be the way of moving forward if they're dead set on that being what it is? You'd have to rethink a vehicle to be able to do something else within those rules.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Your wish list there of three things, would that then involve looking at a different vehicle, other than DBW, or would it be, then, a lobbying exercise to change the classification of it to be able to do some of this more flexibly?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Yes, maybe when you're developing the budget documentation, it's something that we'd be interested in particularly. Peter.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Okay. It's just probably bringing it all together.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
But maybe more towards what Mike was saying, the allocations below that.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Before I bring Peter in, would you be able to outline why the Welsh Government hasn't provided clarity on the full FTC allocations as part of the budget? And what assurances can you give us that you'll be able to provide us with regular updates with regard to…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Sorry, Mike.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Okay.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And is there a way of asking for a change, or to challenge that decision?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Right, okay.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
It was a—
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Was there any consultation with Welsh Government before that classification was changed?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Oh, right, okay, sorry. Fair enough.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And is that something that, as a Government, you’d be talking to your counterparts in Treasury and saying, ‘This is really hampering what—’? Have you any sense of why they’ve done it, and whether or not there’d be an appetite to change the designation back?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Sorry, with the development bank—and you talked there about the development bank helping to de-risk a little bit of the decision making and things, and, Cabinet Secretary, you talked about a straightjacket of rules when we started—being designated differently…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I'll bring Mike in.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
You price for risk, then, as well.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And I assume you price for risk, then, as well.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Okay. Rhianon, briefly, because I'm conscious I want to bring Mike in as well.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
—do that sort of middle man bit, that, effectively, the people who are getting the loans don't necessarily need to know how that loan is funded, it's just that they know what the terms and conditions of that loan are?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Is that where the Development Bank of Wales comes in useful, because they—
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Before I bring Mike in, my final question, really, to take it beyond Government and then onto those loan users and the people who have had these loans: is that pool of people getting bigger as well as a result, so that, not the general public, but the people…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And how good is the knowledge in those departments of how it works, so that they're able to identify those areas?