Help to Buy – Wales Shared Equity Scheme »This shared equity loan will make up the shortfall between the purchase price of a property and the funding available to buyers through their cash deposit and mortgage offer.Learn more »
Banding data for 2013 released by Welsh Government
Secondary school Banding data for 2013 has today been published by the Welsh Government.
- Minister announces £10m funding to improve Cardiff Airport
- Jobs Growth Wales reaches record high
- Banding data for 2013 released by Welsh Government
- Council Tax Reduction Scheme Review
- Local authority environmental permitting fees and charges 2014-2015
- Alternatives to Waste Transfer Notes and other aspects of Waste Regulation
- Beyond 2011: Consultation on Census and future provision of population statistics in England and Wales
- M4 Corridor around Newport Consultation
- Undertaking fatal and non-fatal drug poisoning reviews in Wales
Featured consultation »New guidance for the Risk Assessment of Walked Routes to School
56 days left
In this section
Section highlightThe Housing (Wales) Bill
The Bill will introduce significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
Legislative programme 2013 - 2014 »
The First Minister detailed the 8 bills in the Welsh Government’s 5-year Legislative Programme that will be brought forward during the 3rd year of the Welsh Assembly.Learn more »
Section highlightProject pipeline update - December 2013
This Wales Infrastructure Investment Plan annex highlights planned investments and potential procurement opportunities.
Final Budget 2014-15 »
The amount of funding allocated to Welsh Government Departments for 2014-15 is £14.9bn.Learn more »
- Statistics & Research
Written Statement - Regeneration Investment Fund for Wales
The purpose of this statement is to inform Members of action I am taking with regard to the activities of the Regeneration Investment Fund for Wales. In Autumn 2012 the Wales Audit Office (WAO) announced that it was undertaking a value for money study into the disposal of land assets vested in the Fund by the Welsh Government. This was followed by a further announcement by the WAO that it was broadening the scope of its study to encompass the aims, governance and operations of RIFW, including its ongoing business, together with consideration of the effectiveness of the Welsh Government’s oversight arrangements for the Fund. Following this widening of the WAO investigation the Welsh Government instructed Amber Fund Management who manage the Fund on our behalf to pause the Fund’s activities.
In order to minimise the disruption this is causing to the Fund’s business and its pipeline of regeneration projects, I am today announcing two reviews into specific aspects of the Fund’s activities that will be commissioned by the Welsh Government. The first review will be a peer review of the process by which the Fund disposed of the land assets vested in the Fund by the Welsh Government. The Auditor General’s letter to Byron Davies in October made it clear that this was an important focus of the value for money exercise to be conducted by the WAO. My officials have been working closely with the staff of the WAO as they conduct their investigation. I am pleased that the WAO have agreed to the peer review being commissioned by the Welsh Government, but in such a way which will enable the outcome of our review to also provide evidence for the wider exercise being conducted by the WAO.
I am also commissioning an internal review of the Fund’s activities and our oversight of it during the period which included the land disposal. The purpose of the review will be to identify whether there are early actions we might take to enable its activities to recommence. Once again this review will be conducted with the agreement of, and in close cooperation with, the WAO. My intention in commissioning both these reviews is to remove the uncertainty which currently surrounds the Fund’s activities as a result of the WAO investigations as quickly as possible.
I would like to acknowledge the continued cooperation of Amber the Fund Managers during this period. It is important that we can maintain as wide as possible a range of innovative investment mechanisms such as RIFW as we respond to the challenge of supporting regeneration projects and promoting growth and jobs. I will provide a further statement on the Fund in due course.