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The decision by the Welsh Government to take direct control of the controversial Regeneration Investment Fund for Wales has been welcomed by the Conservative AM who first raised the concerns. But Byron Davies says he wants to know why it's taken so long to reach such a decision.
The Welsh Government is to close down an arms-length investment organisation in the light of Wales Audit Office investigations into the sale of land. Housing and Regeneration Minister Carl Sargeant told AMs that he will take direct control of the Regeneration Investment Fund for Wales.
RIFW's activities had been suspended in 2012 when the investigations were launched by the WAO. The minister says he's taken his latest step because he's concerned that the suspension is stopping the flow of investment to communities.