Has the Circuit of Wales informed the Welsh Government that it disagrees with your assessment of the balance sheet classification issue you referred to in plenary on 11 July 2017?
Answered by First Minister | Answered on 31/07/2017
In a meeting with officials on 30 June, HOVDC representatives accepted the rationale for Welsh Government’s assessment of the balance sheet risks, even if they did not agree with our conclusion. HOVDC also acknowledged during the meeting that they understood the project costs needed to be off balance sheet for Welsh Government. HOVDC have since written to Welsh Government to set out their views on the balance sheet issue.