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State-owned commercial bank for Wales is investigated

A development bank for Welsh businesses could be on the cards as Economy Minister Edwina Hart goes ahead with plans to see how it would work.

It follows criticism of the performance and policies of the Welsh government's investment body Finance Wales.

The Development Bank for Wales was proposed in a review last year by economist Prof Dylan Jones-Evans.

It would take over part or all of Finance Wales which he said was not fit for purpose.

BBC Wales business correspondent Brian Meechan reports.

  • 29 Jan 2014
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