Written question WQ91136
- Asked by
- Andrew RT DaviesConservative
- To be answered by
- Minister for Finance and Local Government
- Tabled
- Due
- Answered
- Time to answer
- 5 days
Question
Does the Welsh Government support local authorities to invest in and purchase local businesses to generate additional revenue?
Answer
Answered by Minister for Finance and Local Government
Investment or purchase of local businesses by Local Authorities should follow the CIPFA Prudential Code for capital finance in local authorities. This framework supports local strategic planning and asset management, to ensure that capital investment plans of local authorities are affordable, prudent and sustainable.