The Economy Minister says that the Welsh Government offered 'maximum allowable' financial help to the steel firm Rowecord. But Edwina Hart told the Assembly that the company decided to turn the offer down because of its 'worsening financial position.'
The minister said that Rowecord's management thanked the Welsh Government but felt that the maximum financial support was still not enough. She said officials are in contact with administrators to look at a rescue package and said that she would offer support to any potential buyers.
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Heavy rain and thunderstorms will affect many parts of Wales this weekend - particularly during Saturday evening.
A paddle steamer has sunk off the north Wales coast while it was being towed towards Northern Ireland.
The heavy rain will ease overnight, with mist and mild temperatures!