Posts Tagged ‘Jeremy Oakley’

Letter from Wales: Welsh government blows €130m investment in north Wales

08/07/2013, 03:11:03 PM

by Julian Ruck

For a classic example of the Welsh government’s blazing incompetence and reluctance to consider any true private investment (but to be fair, there is no authentic private sector in Wales) that doesn’t involve their profligate dishing out of tax-payers’ money at will to duff so-called commercial enterprises, please consider some correspondence (below) that was recently sent to me by Jeremy Oakley, a businessman.

Mr Oakley’s abridged  letter to first minister Carwyn Jones, on 16.5.13 is as follows –  please note, no response was forthcoming from Mr Jones, neither was there a response from his deputy Rhodri Price, who had put his deputy, one James Price onto it as a matter of urgency.

“It is with deep regret that I must inform you of my decision to pull investment we had planned for north Wales, specifically for the Trawsfynydd power station site.

Over the last 2 years, we have created a green energy project that was specifically designed for Trawsfynydd.

The project was to create 100 full time long term jobs by using new technology to create Bioethanol from the local natural resources of grass, bracken and soft rush.

The annual return to the region would have been c€20m plus the income derived from full time mixed ability jobs created in a high unemployment area.

The capital expenditure for the project would have been 130m EUR of which c60% would have been a local spend.”

That’s right €130m of investment in Wales in exactly the type of green energy project we desperately need, lost without even an explanation. But Wales’ loss is other countries’ gain. Mr. Oakley continues, (more…)

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