Page last updated at 11:52 GMT, Wednesday, 7 November 2012

Finance Committee

The minister for finance admitted that she was considering granting Invest to Save funding for a project which would not be in a position to pay back the money on 7 November 2012.

Projects are expected to pay back the money allocated through the fund in full and the estimated time scale for repaying the interest free loan is a requirement in the application process.

Jane Hutt AM described the savings projected by the National Procurement Service project as "immense" and explained that this was the reason why they were moving forward with the application.

Although most projects are expected to repay the loan in full within a three year period, the Welsh government is "flexible" in terms of the repayment.

"Repayment should not be at the detriment of the project," Ms Hutt stressed.

Another key priority for the scheme is for successful projects to share best practice across the public sector.

"Many of the more advanced projects having already provided short case studies, which I have published in a series of Invest to Save reports," said Ms Hutt.

"I believe that there has been real progress in the area of sharing lessons learned," she added.

Read this in Welsh.

Finance Committee membership

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