Written question WQ83066
- Asked by
- Peter FoxConservative
- To be answered by
- Minister for Finance and Local Government
- Tabled
- Due
- Answered
- Time to answer
- 8 days
Question
Will the Minister outline how much Financial Transactions Capital funding has been provided to the Welsh Government in each financial year since 2016?
Answer
Answered by Minister for Finance and Local Government
Financial Transactions capital funding provided to the Welsh Government in each financial year since 2016 is as follows:-
Year
£m*
2015-16
221
2016-17
189
2017-18
256
2018-19
281
2019-20
194
2020-21
329
2021-22
122
*Rounded to nearest million
Financial Transactions capital funding allocations to projects in Wales in each financial year since 2016 is provided at Annex A
Financial Transactions capital funding returned to the UK Government in each financial year since 2016 is as follows:-
Year
£m
2015-16
Nil
2016-17
Nil
2017-18
Nil
2018-19
3
2019-20
2
2020-21
3**
**provisional
*Rounded to nearest million
ANNEX A
Financial Transactions Capital Allocations 2015-16 and 2021-22[1]
2015-16 £m
2016-17 £m
2017-18 £m
2018-19 £m
2019-20 £m
2020-21 £m
2021-22 £m
Help to Buy Cymru – To help qualifying home buyers purchase a new build home with a low loan-to-value mortgage and provide a boost to the construction industry.
71
26
83
87
98
67
84
Development Bank for Wales – Investment funds to provide access to finance for SMEs, support business growth, boost exports and create/safeguard jobs. Includes funds for tourism, rescue and restructure, micro businesses, angel co-investment, commercial property, flexible investment, life sciences etc.
75
20
129
138
70
139
20
Land for Housing scheme – Providing loans to Registered Social Landlords to acquire sites in order to accelerate the development of affordable housing schemes.
19
10
10
10
10
10
10
Economic Development Initiatives – Funding that supports economic growth in Wales
8
7
23
16
6
26
0
Property Development Funds and Property sector - Helps build new homes, commercial and industrial space.
3
5
1
2
0
Cardiff airport and Aviation – To increase commercial potential of aviation industry in Wales and enhance route development.
6
10
5
6
17
5
0
Housing and RSL loans– To support delivery of 20,000 homes commitment and housing provision including new innovative developments
13
22
69
0
Green Growth Wales and Green Infrastructure – To support Wales’ renewable energy sector and to increase and accelerate projects to deliver green investment in Wales.
10
6
1
0
0
Town Centre Loans and Regeneration Funds – To assist in providing a sustainable future for vacant and under-utilised sites and properties and in doing so supporting vibrant and viable town centres.
5
10
8
4
10
5
Coleg y Cymoedd - To support a new FE campus in Aberdare and Bridgend STEAM Academy
5
11
Capital Loan Scheme for Sport and Leisure Facilities – To improve facilities through and invest-to-save approach, increase participation in sport and physical activity and contribute to better health outcomes.
2
Community Asset Loan Fund
1
2
Electric Vehicle Transformation
8
10
Credit Unions subordinate loans to support compliance with mandatory capital to asset ratios
0
1
1
1
Building safety loans to help maintain and improve the quality of housing stock in Wales and allow residents, leaseholders and tenants to feel safer in their homes.
0
12
Education to support delivery of the Mutual Investment Model
9
3
[1] Figures are rounded to the nearest million, as per latest monitoring information available from departments (which is subject to appropriate accounting audit and review) and do not include repayments due back to the central reserve. Includes early repayments of £60m being recycled in 2021-22. Differences between consequentials and allocation to projects is as a result of management in line with appropriate budgetary management through negotiated flexibilities and the Wales Reserve.