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Wales Office written question – answered on 25th July 2017.

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Photo of Lord Lansley Lord Lansley Conservative

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.

Photo of Lord Duncan of Springbank Lord Duncan of Springbank Conservative

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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