job creation

2988 days ago

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

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