Welsh Government: Rowecord help offer 'not taken up'

The Welsh Government has confirmed that assistance was offered to Rowecord, but that it was not taken up.

The Welsh Government has worked closely with Rowecord to support the business and offered assistance to the maximum level allowable within state aid rules.

However, the offer was not taken up, as Rowecord decided that it is in the best interests of its employees and partners to file for administration when a buyer for the business may be identified.

– Welsh Government spokesperson

The Welsh Government added that 'as much support as possible' would be made available to employees.

Advertisement

Fears for 400 steel jobs

Employees at Newport engineering firm Rowecord are facing an uncertain future after administrators were called in this morning. Rowecord's projects include the Aquatic Centre for the London Olympics and Cardiff City Stadium.