Written question WQ95359
- Asked by
- Janet Finch-SaundersConservative
- To be answered by
- Cabinet Secretary for Economy, Energy and Planning
- Tabled
- Due
- Answered
- Time to answer
- 6 days
Question
What due diligence took place before the Welsh Government decided to back the failed Surf Snowdonia and Hilton Hotel in Dolgarrog?
Answer
Answered by Cabinet Secretary for Economy, Energy and Planning
Welsh Government support for these projects was awarded through Tourism Investment Support, Land Reclamation Grant and as a commercial loan. Appraisal and due diligence were undertaken in line with the relevant processes for each type of award, including financial due diligence and appraisal of the project benefits.