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'World's first': £38m technology deal to be signed

Credit: Christoph Schmidt/DPA/PA Images

A signing ceremony will take be held today to rubber stamp the development of a compound semiconductor industry cluster in South-East Wales.

The signing follows an agreement in May by the Cardiff Capital Region (CCR) Regional Cabinet to contribute £37.9 million from the CCR City Deal’s Wider Investment Fund to establish a facility for the production of compound semiconductors.

They could be used in robotics, 5G communications and driverless cars.

Compound semiconductors are at the heart of many devices we use today, from smart phones to tablets and satellite communication systems. It is an area of UK strength and today’s confirmation of the development of a cluster of excellence in Wales reinforces our own strong position in the growth of this important and growing technology.

Of course, government does not create innovation, but it can be a catalyst to getting the scientists and engineers, the designers and the entrepreneurs together to make it happen.

This collaboration is important because innovation is a shared endeavour and I look forward to seeing the cluster take shape and create a lasting engineering and manufacturing legacy in Wales

– Alun Cairns MP, Secretary of State for Wales

Redevelopment 'at the heart of Pontypridd.'

Rhondda Cynon Taf council has released a video of what the centre of Pontypridd will look like when a redevelopment is finished in 2019.

Full Planning permission will be sought this week to redevelop the former Taff Vale site.

The council says the site will become the headquarters of Transport for Wales. A new 21 st Century Library, Pontypridd One4aLL Centre and a new fitness facility will also move in.

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More than 100 jobs to go as construction firm goes bust

The company is set to enter voluntary liquidation on 22 August. Credit: ITV Wales

A Welsh construction company has gone into liquidation resulting in the loss of 102 jobs.

Contract Services (South Wales) Limited has traded in Port Talbot and Caerphilly for the last 21 years.

The company faced unexpected cash flow pressures earlier this year and as a result, the company ceased trading on 11 August.

Business rescue and recovery specialists Begbies Traynor will help the company enter the process of liquidation.

It is disappointing to see a leading Welsh business have to close its doors in this way after many years of successful trading, particularly one that prided itself on supporting a local SME supply chain, the communities it worked in and its employees through training and being an early adopter of the Living Wage.

We will be writing to all creditors over the course of the next few days with details of the liquidation process.

– Huw Powell, partner at Begbies Traynor

Contract Services (South Wales) Limited is set to enter voluntary liquidation on 22 August.

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