20.6.02

Minister for Finance Local Government and Communities

20.6.02


Innovation Village’ at Swansea

Alison Halford:

What is the projected total cost to the Assembly and Assembly sponsored public bodies of funding the ‘innovation village’ at Swansea docks? (WAQ18645) Transferred for answer by the Minister for Finance, Local Government and Communities.

 

Alison Halford:

What is the projected total cost to your department and the Assembly sponsored public bodies under your responsibility of funding the ‘innovation village’ at Swansea docks? (WAQ18646) Transferred for answer by the Minister for Finance, Local Government and Communities.

 

The Minister for Finance, Local Government and Communities (Edwina Hart):

The projected total cost of the redevelopment of the Prince of Wales dock, Swansea as the Port Tawe innovation village is £26.45 million, although it is anticipated that this will be partially offset by significant capital receipts, forecast to be in excess of £13 million. The Welsh Assembly Government has specifically allocated £5.6 million to the Welsh Development Agency towards the project, with the remaining costs being met from within the Welsh Development Agency’s budget.

 

New Opportunities Fund

Alison Halford:

Is there evidence that the new opportunities fund accounting procedures are counterproductive in causing small voluntary groups to discontinue their activities? (WAQ18633) Transferred for answer by the Minister for Culture, Sport and Welsh Language.

The Minister for Culture, Sport and the Welsh Language (Jenny Randerson):

Support from the new opportunities fund has been essential to the wellbeing of many small voluntary projects across Wales. It is recognised that there are difficulties in ensuring the long-term sustainability of activities undertaken by small voluntary groups, but this is not unique to funding from the new opportunities fund. I note that, in an attempt to address issues over longer-term sustainability, it is providing £1 million to support childcare clubs to develop alternative sources of funding, including accessing European funding. I was not aware that the fund’s accounting procedures were seen as counterproductive, but I know that new opportunities fund officials would be happy to meet you to discuss any concerns you have.

 

Bute Avenue Scheme (Consideration by the Assembly)

 

Alison Halford:

Further to WAQ18201, what is meant by stating that the project was ‘considered by the Assembly’; was this a decision of officials, Ministers or subject to a vote in Plenary? (WAQ18635)

 

Edwina Hart:

The full economic appraisal of the Bute Avenue private finance initiative was carried out by officials of the Assembly’s Economic Advice Division following an initial economic appraisal undertaken by Cardiff Bay Development Corporation. The then First Secretary gave authority for CBDC to sign the project agreement for the PFI in July 1999.

 

Bute Avenue Scheme (Value for Money Checks)


Alison Halford:

Further to WAQ18201, are there any ongoing checks throughout the 25-year life span to ensure that the project retains its value for money status? (WAQ18636)

Edwina Hart:

The private finance initiative will be monitored over its 25-year life to ensure that the original requirements under the agreement are being met. The unitary charge is the result of a financial model included as part of the agreement, and is fixed—apart from retail prices index changes—for the 25 years.

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