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Reneuron, the £8 million bribe & Sheep Shagger economics of madness

Tom Winnifrith
Tuesday 23 February 2016

AIM listed biotech Reneuron (RENE) has today announced that it has completed the move of all of its operations from Surrey to Pencoed, Bridgend, Wales. Hooray...welcome to the most expensive job creation programme in history paid for with YOUR money.

This deal was first announced two years ago and involved the Welsh Assembly handing over a grant of £7.8 million to get the company to move from Surrey, where it employed 25 folks at the time, to the land of the Sheep Shaggers.

You will note that Wales is a net taker

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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