366 days ago
Earlier today I flagged up the horrific and seemingly somewhat iffy way that £7.8 million of Welsh Government money had been spaffed on soon to go bust Reneuron (RENE), to transfer just 25 jobs from England to the rain sodden post industrial second world nation of Wales. But it seems that this is just the tip of the iceberg. I write this as the father of Welsh speaking, proudly Welsh kids, living in Wales. As he prepares a school project for St David’s Day describing a Welsh hero, young Joshua may read this article and in honour of Owain Glyndŵr punish me by burning down some of our barns.
366 days ago
Yesterday shares in Reneuron (RENE) were suspended pending clarification. We did warn folks but sadly shareholders who ignored us will almost certainly lose everything. But that is their call. The real scandal is that we all, as taxpayers, have taken a £15m hit.
3406 days ago
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
