List of relevant ministerial private interests

Under the Ministerial Code, ministers must ensure that no conflict arises, or could reasonably be perceived to arise, between their public duties and their private interests, financial or otherwise.

On appointment to each new ministerial office, ministers are required to provide the Permanent Secretary with a written declaration of all interests that could potentially give rise to a conflict. The list should cover interests of the minister’s spouse or partner and close family which might be thought to give rise to a conflict.

Declarations by ministers, together with details of any action taken in relation to individual interests, are considered by the Permanent Secretary, in consultation with the Independent Adviser on Ministerial Standards, to determine whether any further action is required.

Ministers must notify the Permanent Secretary promptly and in writing of any change in circumstances. The Permanent Secretary will write to ministers on an annual basis, requesting they check that their existing record of private interests is complete and up to date.

Ministers’ declarations are treated as confidential. This enables ministers to provide full and frank disclosure, including information that may not ultimately be relevant to their ministerial responsibilities.

The published List of Relevant Ministerial Interests (the list) records details of interests current at the date of publication and may also include interests that ceased within the preceding years, depending on their context and relevance. Interests already declared in a minister’s Register of Interests in the Senedd are only included where they are directly relevant to the minister’s portfolio of responsibilities. The list should be read alongside the Register of Members’ Interests and any relevant information published by the Electoral Commission. Interests that have been disposed of, including those disposed of before appointment to ministerial office, may not appear in the list.

The list sets out interests held by ministers, or members of their close family, that are, or could reasonably be perceived to be, directly relevant to the minister’s official responsibilities. It also includes details of charities for which a minister acts as a trustee or patron. Ministers may have other associations with charities or non-public bodies - for example, through their role as a constituency Member of the Senedd. Such associations may be historic, inactive or no longer involve active participation.

The list is not a comprehensive record of all interests or financial arrangements held by ministers or members of their close family. To publish such information would represent an unjustifiable intrusion into their private affairs. Instead, the list is limited to those interests that are, or could reasonably be perceived to be, directly relevant to a minister’s public duties. Full declarations of all interests are retained by the Permanent Secretary.

On appointment, ministers provide their interests in a number of categories:

1. Personal information – ministers provide in confidence details of their address, date of birth and nationality.
2. Financial interests – The list includes only financial interests directly relevant to a minister’s role, rather than every investment, loan or other interest they hold. It identifies any interests held in a blind trust or similar arrangement, where the minister neither manages nor knows which assets are held. This includes pensions, investment portfolios, liabilities, interests in family trusts and any public funding they or a close family member have received.
3. Tax Affairs – Ministers are asked to confirm that their tax affairs are up to date and to declare any current or historic disputes with any tax authorities.
4. Blind Trusts – Ministers are asked to declare and to give details of any blind trusts which they hold. Brief details of these will be included in the List. The list also provides information on ministers’ involvement with trusts that are not blind, for example certain family trusts if these are considered relevant to their role.
5. Directorships and shareholdings – While ministers would not normally retain directorships while in office, in some specific circumstances it may be acceptable for a directorship to be retained, for example in connection with the management of a residential property or family enterprise, and subject to specific arrangements to avoid any conflict. In these circumstances details of these directorships will be included in the list. Shareholdings are not listed where they are considered to be de minimis in nature.
6. Partnerships or other business interests – Ministers who are partners in a professional firm, such as a firm of solicitors or accountants, or in any other business must stop practising and take no part in its day-to-day management. Ministers must also record any relevant interests held by their spouse or partner, or by a close family member. Details of any business interests which are retained by ministers, and arrangements put in place to avoid a conflict, will be included in the List.
7. Property – Ministers must declare any property owned wholly or partly by them or their spouse or partner. For each property, they must state whether it derives an income or if it is used solely by them or their family. They must also disclose any preferential rental or lease terms. Where a property generates rental income, ministers must confirm that it is registered with Rent Smart Wales, and it will be included in the list. In line with the Senedd Register of Members’ Interests, the List does not include property owned or occupied solely for a minister’s own or family use.
8. Links with public organisations and charities – Ministers should declare any role they hold with any organisations or charities. These roles may include, but are not limited to, public appointment, patronages, members, presidents, vice-presidents, trustees, friends and any honorary roles. Ministers may have other associations not relevant to their ministerial Interests with charities or non-public organisations, for example, as constituency members. Such associations may be historic, lapsed or the minister may not be actively involved. Those roles which are considered relevant to their ministerial responsibilities will be included in the list.
9. Trade Unions - Ministers must declare details of any trade union membership. Trade union membership of close family should also be included where it is relevant to a minister’s area of responsibilities. This information, however, is not usually shown in the list as it is classified as “special category data” under data protection legislation.
10. Former employment – Ministers are required to provide details of previous employment held for the preceding 3 years, including details of the organisation and position held. Former roles which are considered relevant to their ministerial responsibilities will be included in the list.
11. Any other relevant interests – Ministers must declare any other relevant interests, including those of close family members that could reasonably be perceived as conflicting with their ministerial responsibilities. Only interests that are directly and significantly relevant will be included in the list, balancing transparency with family members’ privacy and ability to work. “Close family” will be determined on a case-by-case basis. Ministers are not expected to know the affairs of every relative but should take reasonable steps where they have close and ongoing contact to meet their responsibilities under the Ministerial Code.
12. Constituency Interests – In addition to declaring financial sponsorship, ministers may use this optional category to highlight specific projects, major employers or contentious issues in their constituency or within their ministerial responsibilities. Inclusion in the list will be considered on a case-by-case basis.
13. Compliance with Legal Obligations – Ministers are asked to consider whether any aspect of their life may place them in breach of their duty to comply with the law. Consideration will be given on a case-by-case basis as to whether the information should be included on the list.

(Senedd Member for Bangor Conwy Môn)

2. Financial interests

First Minister is a member of North Wales Credit Union.

Close family members receive farming grants.

Close family member employed by Mentera - though the likelihood is extremely low, if the situation arises, the First Minister will recuse himself from any decisions which directly impact this organisation.

Close family member is the Director of a company which received a loan from the Development Bank for Wales.

5. Directorships and shareholdings

First Minister is a shareholder and a former director of Paradwys Cyf and Rhun ap Iorwerth Cyf - the First Minister resigned his directorships on appointment.

Close family member is director of Paradwys Cyf, Rhun ap Iorwerth Cyf, Ateb Cyntaf Cyf, Port-a (Ateb) Cyf and Group Ed Ltd. - the First Minister will recuse himself from any decisions which directly impact these companies. Ateb Cyntaf Cyf has several Wales-based clients who may engage with the Welsh Government. Client information is regularly shared with and monitored by the Propriety and Ethics team on the First Minister’s behalf to identify whether recusal would be appropriate if a relevant decision comes to him.

7. Property

First Minister owns a small parcel of land in which he derives an income.

The First Minister holds shares in Paradwys Cyf, which owns an income-generating property.

8. Links with public organisations and charities

First Minister is:

• President of Meibion Goronwy male voice choir.
• Honorary Associate of the British Veterinary Association

Close family member is:

• Governor of Ysgol Henblas.
• Community Councillor of Llangristiolus and Cerrigceinwen Community Council.

11. Any other relevant information

Close family member is a Board Member of Hybu Cig Cymru - though the likelihood is low, if the situation arises, the First Minister will recuse himself from any decisions which directly impact this organisation.

(Senedd Member for Brycheiniog Tawe Nedd)

2. Financial interests

The Deputy First Minister has shareholdings in Awel Co-op and Egni Co-op - the Deputy First Minister will recuse herself from any decisions which directly impact these companies.

Deputy First Minister is a member of Celtic Credit Union - the Deputy First Minister will recuse herself from any decisions which directly impact this credit union.

8. Links with public organisations and charities

The Deputy First Minister holds the following roles:

• Trustee of Saunders Lewis Trust
• Trustee of Pantry Food Bank, Pontardawe

Though the likelihood is extremely low, if the situation arises, the Deputy First Minister will recuse herself from any decisions which directly impact these organisations.

11. Any other relevant information

Close family member employed by Arts Council of Wales - the Deputy First Minister will recuse herself from any decisions which directly impacts this organisation.

(Senedd Member for Gwynedd Maldwyn)

5. Directorships and shareholdings

Cabinet Minister holds community shares in:

• Yr Owain Glyndwr, Corwen
• Tafarn y Glan, Pennal
• Menter y Ring, Llanfrothen
• Saith Seren, Wrexham

The Cabinet Minister will recuse himself from any decisions which directly impact these companies.

8. Links with public organisations and charities

Cabinet Minister is a member of the National & European Parliamentarians for Cancer Action

11. Any other relevant information

A close family member is a director of the South Denbighshire Community Partnership - the Cabinet Minister will recuse himself from any decisions which directly impact this organisation.

A close family member is employed by National Youth Advocacy Service - the Cabinet Minister will recuse himself from any decisions which directly impact this organisation.

(Senedd Member for Caerdydd Penarth)

10. Former employment

Cabinet Minister was formerly employed as Assistant Dean in the University of Wales Trinity Saint David.

Tertiary education is not within the Cabinet Minister’s portfolio of responsibilities. However, if a decision comes to her that directly relates to the university, she will seek advice.

11. Any other relevant information

Close Family Members employed by Clwb Ifor Bach, Cardiff - the Cabinet Minister will recuse herself from any decision which directly impacts this organisation.

Close family member employed by Cardiff Council on Welsh Language policy - the Cabinet Minister will recuse herself from any Welsh language policy decisions that directly relate to Cardiff Council.

Close family member employed as a teacher in Conwy secondary school - the Cabinet Minister will seek advice before taking any decisions which directly impact this school.

(Senedd Member for Caerdydd Ffynnon Taf)

2. Financial interests

Cabinet Minister holds investment accounts - the Cabinet Minister has no control over investment decisions.

5. Directorships and shareholdings

Cabinet Minister holds community shares in:

• Llety Arall (Caernarfon)
• Awel Egni (Awel Aman Tawe)
• Graig Fatha Wind Coop

The Cabinet Minister will recuse himself from any decisions which directly impact these companies.

Cabinet Minister was Director and Trustee of social enterprise - TooGoodToWaste - the Cabinet Minister resigned both roles with the social enterprise on appointment.

8. Links with public organisations and charities

Cabinet Minister was a Trustee of the Glyndŵr Fund of the Welsh-medium Schools - the Cabinet Minister resigned on appointment.

10. Former employment

Cabinet Minister was previously employed by Coleg Cymraeg as Registrar - the Cabinet Minister resigned on 8 May 2026.

Cabinet Minister was previously employed as a special advisor in Welsh Government during the Labour-Plaid Cooperation Agreement.

(Senedd Member for Pontypridd Cynon Merthyr)

5. Directorships and shareholdings

Close Family Member Director of Coetmor Properties Ltd.

8. Links with public organisations and charities

Cabinet Minister formerly a member of the Court of the National Eisteddfod of Wales - ceased August 2026.

Cabinet Minister is a patron of Pontyclun Bosom Pals.

Close family member is committee member of Clwb y Bont, Pontypridd - the Cabinet Minister will recuse herself from any decision which directly impacts this organisation.

11. Any other relevant information

Close family member employed by Welsh Local Government Association - the Cabinet Minister will recuse herself from any decision which directly impacts this organisation.

(Senedd Member for Clwyd)

2. Financial interests

Close acquaintance is a director in farming business which receives Welsh Government funding - farming grants are not approved by ministers.

5. Directorships and shareholdings

A close family member holds a minor shareholding in a Welsh livestock auction.

7. Property

Cabinet Minister owns 2 properties which are rented out.

8. Links with public organisations and charities

Cabinet Minister formerly a school Governor at Ysgol Pentrecelyn - resigned on appointment.

Cabinet Minister Honorary Member of British Veterinary Association.

Cabinet Minister Member of the Council for Awards of Royal Agricultural Societies.

11. Any other relevant information

Close family member employed in farming sector.

(Senedd Member for Gwynedd Maldwyn)

2. Financial interests

Close family members have previously received funding from Development Bank for Wales and Arfor Scheme.

5. Directorships and shareholdings

Cabinet Minister holds small shareholdings in following social enterprises:

• Cymdeithas Tai Gwynedd
• Llety Arall, Caernarfon
• Siop Griffiths, Penygroes
• Menter Y Felinheli
• Menter y R'Abar, Abersoch
• Menter Y Ring, Llanfrothen

The Cabinet Minister will seek advice prior to taking any decisions which directly impact these companies.

11. Any other relevant information

A number of close family members are employed by Cyngor Gwynedd – not in senior roles.

Close family member sits on Portmeirion Ltd Group Board.

Close family member is a trustee of an estate agent in Wales which provides both sales and lettings services.

The Cabinet Minister will seek advice from the Propriety and Ethics team should a decision come to her in which the company may be significantly impacted.

12. Constituency interests

The Cabinet Minister has agreed that planning matters concerning her constituency or Welsh Government portfolio developments will be handled by the Prif Weinidog or his nominated Cabinet Minister, including related constituency correspondence.

(Senedd Member for Ceredigion Penfro)

5. Directorships and shareholdings

Cabinet Minister holds shareholding in co-operative enterprise - Tafarn y Vale.

Cabinet Minister holds shareholdings in charitable organisation – Cardigan Heritage Centre

The Cabinet Minister will recuse herself from any decisions which directly impact these companies.

8. Links with public organisations and charities

Trustee of National Eisteddfod Board - Cabinet Minister resigned on appointment.

(Senedd Member for Sir Gaerfyrddin)

5. Directorships and shareholdings

Close family member holds shares in aerospace manufacturing company which operates in Wales - the Cabinet Minister will recuse himself from any decisions that directly impact this company.

8. Links with public organisations and charities

Cabinet Minister is Member of the Parliamentarians for Global Action.

Cabinet Minister is Member of the Steering Committee of Global Equality Caucus (LGBT equality).

Cabinet Minister is Interim Chair of the Steering Committee of Commonwealth Parliamentary Association LGBT+ network.

11. Any other relevant information

Cabinet Minister is indirectly related by marriage to current Chair of the Independent Advisory Panel established to shape the design and remit of the new economic development agency for Wales.

The Cabinet Minister declared a potential conflict and the First Minister took the decision to make the appointment.

(Senedd Member for Sir Gaerfyrddin)

2. Financial interests

Deputy Minister holds investment accounts - the Deputy Minister has no control over investment decisions.

7. Property

Deputy Minister owns land which is rented out.

11. Any other relevant information

Close family members employed by broadcasting organisations.

Close family members are employed in secondary schools.

The Deputy Minister will recuse himself from any decisions which directly impact these schools.

(Senedd Member for Sir Gaerfyrddin)

5. Directorships and shareholdings

Deputy Minister Director of Glanmor Davies Evans & Son Ltd - Deputy Minister resigned directorship on appointment.

Close Family Members Directors of Glanmor Davies Evans & Son Ltd

Deputy Minister Shareholder of Cavendish Consulting Cymru Ltd - ceased as shareholder March 2026

Shareholder (less than 1%) of GroupEd Ltd - the Deputy Minister will recuse herself from any decisions which directly impact this company.

8. Links with public organisations and charities

• Trustee of Local Village Hall
• Trustee of Carmarthen Domestic Abuse Services Ltd

The Deputy Minister resigned both trusteeships on appointment.

10. Former employment

Deputy Minister was Director of Cavendish Consulting Cymru Ltd (formerly Deryn Consulting) - ceased as March 2026.

Former clients of Cavendish Cymru Ltd can be found on PRCA Professional Lobbying Register.

(Senedd Member for Pen-y-bont Bro Morgannwg)

5. Directorships and shareholdings

Deputy Minister was a Director of:

• Talking Wales Ltd
• IndyCube Ltd
• Cambria Cydfuddiannol Ltd

The Deputy Minister resigned prior to appointment. The Deputy Minister will recuse himself from any decisions which directly impact these organisations.

6. Partnerships and other business interests

Deputy Minister is former designated member of Consultancy Coop LLP - the Deputy Minister resigned prior to appointment. The Deputy Minister will recuse himself from any decisions which directly impact this organisation.

10. Former employment

Deputy Minister formerly employed by Community Energy Wales - the Deputy Minister resigned prior to appointment. The Deputy Minister will recuse himself from any decisions which directly impact this organisation.

Deputy Minister was previously employed as a Special Advisor in Welsh Government during the Labour-Plaid Cooperation Agreement.

(Senedd Member for Blaenau Gwent Caerffili Rhymni)

8. Links with public organisations and charities

Deputy Minister is a Member of the Caerphilly Miners Centre for the Community.

(not a member of the Senedd)

5. Directorships and shareholdings

Director of Cwmni Pum Plwy Penllyn Cyf and Sesiwn Fawr Dolgellau - resigned on appointment.

Shareholdings held in Bys a Bawd and Menter Yr Eagles.

The Counsel General will recuse himself from any decisions which directly impact these companies.

8. Links with public organisations and charities

• Pro Chancellor of Aberystwyth University
• Chair of Cwmni Pum Plwy Penllyn Cyf and sub-group raising money for installation of statue
• Vice-President of Llangollen International Eisteddfod
• Board Member and Honorary Solicitor - Gorsedd of Bards
• Council Member - the National Eisteddfod of Wales

Though the likelihood is extremely low, if the situation arises, the Counsel General will recuse himself from any decisions which directly impact these organisations.

Board Member - National Eisteddfod of Wales - Counsel General resigned on appointment.