5 July

Q26 Alison Halford:

What plans has the Minister to improve the transparency of the process of allocating funds to economic development to enable the various sources of financing to be individually identified? (OAQ12394)

Michael German:

All major funding proposals are discussed with the Economic Development Committee during the budget planning round. Any in-year changes are made under Standing Order No. 19 procedures, with the Committee having the opportunity to see proposed changes before they are finalised.

The Committee has the opportunity to discuss in detail the business plans and strategic objectives of key agencies such as the Welsh Development Agency and the Wales Tourist Board. There are also regular reports to the Committee on these agencies and on major programmes and budgets, such as the structural funds programmes and regional selective assistance.

In this way, the process in which major funding decisions are taken and monitored is already transparent and open.

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