Written question HL898: Lord Lansley 17-07-2017

Q
Asked by Lord Lansley
Asked on: 17 July 2017
Wales Office
Lords
Her Majesty's Government what they communicated to the Welsh Government about the implications for capital provision or borrowing capacity consequent upon the possibility of government financial guarantees being provided by the Welsh Government to the Heads of the Valley Development Company Circuit of Wales project.
A
Answered on: 25 July 2017

HMT officials provided informal advice to the Welsh Government on the likely factors that would be considered by the Office for National Statistics (ONS) for the classification of financial guarantees for the Heads of the Valley Development Company Circuit of Wales projects. It is for the Welsh Government to manage the implications for capital provision or borrowing capacity on any ONS classification of financial guarantees.

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