The Regeneration Investment Fund for Wales (RIFW) was established in December 2009 as a Limited Liability Partnership (LLP), registered with Companies House and effectively wholly-owned by the Welsh Government.
Overall, we have concluded that:
Due to flaws in the way RIFW was established, in the selection of assets and also in the sale process itself, neither RIFW nor the Welsh Government are able to demonstrate that value for money was achieved from the portfolio sale transaction.
