Nick Ramsay
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Welsh Government 'ignored' steel firm advice

The Welsh Government ignored advice warning it of major problems in investing cash into a steel company that went bust, an assembly committee chairman has said.

Nick Ramsay, chairman of the assembly public accounts committee, said there had clearly been a major breakdown in the process of due diligence over investment in Kancoat.

AMs on the committee had "serious concerns" over the Welsh Government's decision to invest more than £3m in the Swansea steel-coating company.

The Welsh Government said it had since changed its procedures.

  • 14 Feb 2017