Written question WQ88869

Asked by: Russell GeorgeConservativeMember for Montgomeryshire
To be answered by: Minister for Economy
Tabled: 23 August 2023
Due: 31 August 2023
Answered: 29 August 2023
Time to answer: 6 daysAnswered by the due date

Question

Does the Welsh Government intend to introduce a replacement fund for the Welsh Life Sciences Investment Fund and, if so, when?

Answer

Answered by Minister for Economy

Over the last 5 years businesses operating in this sector have and continue to apply to a range of funds operated by the Development Bank of Wales directly. Funds such as the Wales Flexible Investment Fund offer both equity investment and patient capital borrowing opportunities.

We have no plans to introduce an additional funding stream.

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