The City of Cardiff Council has put in place better arrangements to support improvement and to address longstanding issues, but is now at a critical point in embedding them if it is to achieve a step change on delivering improved outcomes. That is the conclusion of the Auditor General’s corporate assessment follow – on report published today.

The Auditor General has today published his report on the establishment and oversight of the Wales Life Sciences Investment Fund. The report looked at the establishment, governance, oversight and early operation of the Fund and examined whether the Welsh Government and Finance Wales established the Fund and oversaw its initial operations (including its first three investments) effectively.

Overall, the report identified that: