Newport council ‘could not compete’ as firm moves to Torfaen with EU cash

NEWPORT could not compete with Torfaen over an offer of business grants for a worldwide engineering firm that has moved part of its business fromthe city toCwmbran.

That’s according to a written answer from the council to a councillor, which said Cintec was offered EUbacked grant funding to support its relocation.

The grant was confirmed by the firm’s managing director, who said the move from Crindau was to support the purchase of equipment.

Lib Dem councillor for St Julians Ed Townsend asked Cllr John Richards, cabinet member for regeneration, what discussions he had had with Cintec over the move.

In response, Cllr Townsend was told Torfaen is a convergence area – which means it benefits from EU funding and which Newport is not – and the firm was offered a business grant called the Local Investment Fund.

“Newport council could not compete with such grant funding,” the councillor was told.

Cintec still has a head office in Newport but moved its Newport manufacturing operation to a site around 20 per cent larger in Avondale Business Park earlier in the year.

The firm is well known for its structural repair and reinforcement work, being given the job of helping to preserve Egypt’s Step Pyramid, but has developed its Waterwall airbag technology into a system that can contain the impact of an explosion from an improvised explosive device.

It has said it hopes to increase its workforce over the months ahead in order to cope with its increasing workload.

Peter James, managing director and owner of Cintec, said the firm had asked for around £95,000 but would probably only take half of that.

He said the old site in Crindau had been four units connected together, while the new site is a single unit sized 12,000 square feet

Comments (4)

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4:05pm Tue 2 Oct 12

exige1 says...

Perhaps Newport City Council should reconsider the building of the NEW bus station. Then think long and hard on more creative ways to benefit Newport, like granting £95,000 to companies.
There may then be a real need for a nice new bus station.
Perhaps Newport City Council should reconsider the building of the NEW bus station. Then think long and hard on more creative ways to benefit Newport, like granting £95,000 to companies. There may then be a real need for a nice new bus station. exige1

5:41pm Tue 2 Oct 12

Woodgnome says...

It would seem that a bigger priority for Newport Council is indentifying their squeezed budget for, locating and building sites for travellers..
It would seem that a bigger priority for Newport Council is indentifying their squeezed budget for, locating and building sites for travellers.. Woodgnome

8:32pm Tue 2 Oct 12

Limestonecowboy says...

this is a great shame. Companies like this provide skilled jobs & can help make a difference to the community.
this is a great shame. Companies like this provide skilled jobs & can help make a difference to the community. Limestonecowboy

9:33am Wed 3 Oct 12

gadget says...

Perhaps newport city council should lobby central government to find out why 53 million pounds per day of british tax payers money is given to The EU , Who in turn dish it out to every basket case in europe. That 95k is british money and not EU money .
Perhaps newport city council should lobby central government to find out why 53 million pounds per day of british tax payers money is given to The EU , Who in turn dish it out to every basket case in europe. That 95k is british money and not EU money . gadget

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