English: I'd like to thank the Member for his questions and, again, his broad support for what we have presented today to the Assembly. I'm also pleased that the Member recognises that the business case will be published. I would hope to be able to be in a position to publish that early in the new year. Again, it is conditional on receiving the feedback from interested stakeholders and taking account fully of that feedback, so that the business plan can move beyond the draft form. I do not believe that it is simply a cosmetic rebrand of Finance Wales, because, in essence, the development of the bank of Wales actually reflects two committee reports, the first from 2014. The then Finance Committee published its report on Finance Wales, stating that it found that Finance Wales, on the whole, was making a positive contribution to the Welsh economy and that what was needed was a clarification of their role and remit rather than a full-scale overhaul. And then, in 2015, the then Enterprise and Business Committee and also the Finance Committee both stressed the importance of building on the expertise and experience of Finance Wales as the basis for the development bank model. So, I think what we are presenting fully reflects what committees in this national institution were calling for, but, at the same time, sets out ambitious targets for increasing the availability and improving the access to finance for small, medium and micro-sized businesses. In terms of the question of flexible funds, perhaps it would be beneficial if I were to outline where we currently are with the development of the Wales flexible investment fund, which is an area that I know the Member is very interested in. My officials are developing that new fund with Finance Wales, and, subject to the Cabinet Secretary for Finance and Local Government's agreement, the fund size could be £77.75 million, with an aspiration to ultimately reach a total of £100 million. The intention would be to launch that particular fund by March of next year. We will be, of course, challenging the development bank of Wales to lever in additional private finance, and this will be set out each year in the remit letter, with targets that should be reached. Over the course of each financial year, there will be, as I said earlier, monitoring of the performance of the development bank of Wales to ensure that they're using every lever at their disposal to increase the degree of private finance that they attract and to ensure that that is being utilised to best effect by business customers. I think the Member raised the question of interest rates and the cost of finance. It is worth outlining, I think, that Finance Wales's annual interest rates range from 4 per cent to 12 per cent. I recognise that an often quoted criticism of Finance Wales is that it's been too expensive to borrow, but that's not correct, given the evidence that is available to us now. In fact, in 2014, the Welsh Government commissioned an independent review of interest rates chartered by Finance Wales and it found that more than 70 per cent of businesses were charged below market rates, and 6 per cent were judged to be at the market rate: an overwhelming majority, therefore, borrowing at or below market rates. This I would expect to continue into the development of the new bank, and I would expect businesses of all sizes to be able to realise those lower cost forms of finance. In terms of staff - and, again, I'd very much thank the Member for the support that he shows for establishing the development bank of Wales in the north of Wales. In terms of the staff that will be moving there, as I outlined to Adam Price, there are two proposals that have been presented. One comes with a cost - an estimated cost of £5 million; the other doesn't yet come with an estimated cost, but we will be scrutinising that second option as soon as more detail is available to us. In terms of regional investment banks, this would, I believe, take longer to establish, but I do think that there will be a role and a duty on the development bank of Wales to be relevant and to be accessible in all communities across Wales. So, it will be absolutely vital that they work together with Business Wales to promote the opportunities and the activities that they are engaged in.
Welsh: Hoffwn ddiolch i'r Aelod am ei gwestiynau ac, unwaith eto, am ei gefnogaeth eang ar gyfer yr hyn yr ydym wedi'i gyflwyno heddiw i'r Cynulliad. Rwyf hefyd yn falch bod yr Aelod yn cydnabod y bydd yr achos busnes yn cael ei gyhoeddi. Byddwn yn gobeithio bod mewn sefyllfa i'w gyhoeddi yn gynnar yn y flwyddyn newydd. Unwaith eto, mae'n amodol ar dderbyn yr adborth gan randdeiliaid â buddiant ac ystyried yr adborth hwnnw yn llawn, fel y gall y cynllun busnes symud y tu hwnt i'r ffurf ddrafft. Nid wyf yn credu nad yw hyn ond yn achos o ailfrandio Cyllid Cymru yn gosmetig, oherwydd, yn ei hanfod, mae banc datblygu Cymru mewn gwirionedd yn adlewyrchu dau adroddiad pwyllgor, y cyntaf o 2014. Cyhoeddodd y Pwyllgor Cyllid ar y pryd ei adroddiad ar Cyllid Cymru, gan ddatgan ei fod wedi canfod bod Cyllid Cymru, ar y cyfan, yn gwneud cyfraniad cadarnhaol i economi Cymru ac mae'r hyn yr oedd ei angen oedd eglurhad o'i swyddogaeth a chylch gwaith yn hytrach nag ailwampio'r holl beth. Ac yna, yn 2015, pwysleisiodd y Pwyllgor Menter a Busnes ar y pryd a hefyd y Pwyllgor Cyllid bwysigrwydd datblygu arbenigedd a phrofiad Cyllid Cymru fel sail ar gyfer model y banc datblygu. Felly, rwy'n meddwl bod yr hyn yr ydym yn ei gyflwyno yn adlewyrchu'n llawn yr hyn yr oedd pwyllgorau yn y sefydliad cenedlaethol hwn yn galw amdano, ond, ar yr un pryd, yn gosod targedau uchelgeisiol ar gyfer cynyddu'r cyllid sydd ar gael a gwella'r mynediad ato ar gyfer meicrofusnesau, busnesau bach a busnesau o faint canolig. O ran y cwestiwn am gronfeydd hyblyg, efallai y byddai o fudd pe bawn i'n amlinellu'r sefyllfa bresennol o ran datblygiad cronfa fuddsoddi hyblyg Cymru, sy'n faes yr wyf yn gwybod bod gan yr Aelod ddiddordeb mawr ynddo. Mae fy swyddogion yn datblygu'r gronfa newydd honno gyda Cyllid Cymru, ac, ar yr amod bod Ysgrifennydd y Cabinet dros Gyllid a Llywodraeth Leol yn cytuno, gallai maint y gronfa fod yn £77.75 miliwn, gyda dyhead i gyrraedd cyfanswm o £100 miliwn yn y pen draw. Y bwriad fyddai lansio'r gronfa benodol honno erbyn mis Mawrth y flwyddyn nesaf. Byddwn, wrth gwrs, yn herio banc datblygu Cymru i ddenu cyllid preifat ychwanegol, a bydd hyn yn cael ei nodi bob blwyddyn yn y llythyr cylch gwaith, ynghyd â thargedau i'w cyrraedd. Dros gyfnod pob blwyddyn ariannol, bydd, fel y dywedais yn gynharach, perfformiad banc datblygu Cymru yn cael ei fonitro i sicrhau ei fod yn defnyddio pob modd o ddenu cyllid sydd ar gael iddo i gynyddu faint o gyllid preifat y mae'n ei ddenu ac i sicrhau bod hynny'n cael ei ddefnyddio yn y modd gorau gan gwsmeriaid busnes. Rwy'n meddwl y cododd yr Aelod y cwestiwn am gyfraddau llog a chost cyllid. Mae'n werth amlinellu, rwy'n meddwl, bod cyfraddau llog blynyddol Cyllid Cymru yn amrywio o 4 y cant i 12 y cant. Rwy'n cydnabod mai beirniadaeth a ddyfynnir yn aml am Cyllid Cymru yw y bu'n rhy ddrud i fenthyg oddi wrtho, ond nid yw hynny'n gywir, o ystyried y dystiolaeth sydd ar gael i ni nawr. Yn wir, yn 2014, comisiynodd Llywodraeth Cymru adolygiad annibynnol o gyfraddau llog a bennwyd gan Gyllid Cymru, a chanfuwyd y codwyd cyfraddau a oedd yn is na chyfraddau'r farchnad ar fwy na 70 y cant o fusnesau, a barnwyd bod 6 y cant ar gyfraddau'r farchnad: roedd y mwyafrif llethol, felly, yn benthyca ar gyfraddau'r farchnad neu islaw hynny. Byddwn yn disgwyl i hyn barhau wrth i'r banc newydd ddatblygu, a byddwn yn disgwyl i fusnesau o bob maint allu manteisio ar y ffurfiau hynny o gyllid am gost is. O ran staff - ac, unwaith eto, hoffwn ddiolch yn fawr iawn i'r Aelod am ei gefnogaeth i sefydlu banc datblygu Cymru yn y gogledd. O ran y staff a fydd yn symud yno, fel yr amlinellais wrth Adam Price, mae dau gynnig wedi eu cyflwyno. Mae un wedi'i gostio - amcangyfrifir mai tua £5 miliwn fydd y gost; ond nid yw'r llall yn cynnwys amcangyfrif o gost eto, ond byddwn yn craffu ar yr ail ddewis hwnnw cyn gynted ag y bydd rhagor o fanylion ar gael i ni. O ran banciau buddsoddi rhanbarthol, byddai hyn, yn fy marn i, yn cymryd mwy o amser i'w sefydlu, ond rwy'n meddwl y bydd swyddogaeth a dyletswydd ar fanc datblygu Cymru i fod yn berthnasol ac i fod yn hygyrch i bob cymuned ledled Cymru. Felly, bydd yn gwbl hanfodol ei fod yn cydweithio â Busnes Cymru i hyrwyddo'r cyfleoedd a'r gweithgareddau y mae'n cymryd rhan ynddynt.