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Bridgend County Borough Council – Performance Management Review -
Bridgend County Borough Council – Annual Audit Summary 2022 -
Rhondda Cynon Taf County Borough Council – Annual Audit Summary 2022 -
Merthyr Tydfil County Borough Council – Annual Audit Summary 2022 -
Vale of Glamorgan Council – Annual Audit Summary 2022
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.