


It added that had the request been made sooner, the government may have been able to use the funds and said that "lessons must be learnt" so that Wales did not miss out on "vital funding" again.Ĭhair of the committee, Mark Isherwood MS, says: "We are very concerned that significant funding was lost to Wales as a result of the underspend in 2020-21.

The committee said it did not understand why the Welsh government had waited so long to have its request rejected, accusing it of having assumed its request would be granted. "These arrangements were applied in the usual way in relation to the Welsh Government underspend." A Treasury spokesperson said: "The Welsh Government funding arrangements are set out in the Statement of Funding Policy and the Welsh Government Fiscal Framework.
